ASSEMBLY ELECTIONS GST 5 STATES OF INDIA FEBRUARY · than usual, given the impact of...

The month that was...

Monthly Factsheet | March 2017

LAUNCH OF

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FEBRUARY

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ASSEMBLY ELECTIONSIN 5 STATES

OF INDIA

Investment Outlook-Equity

The month of February was marked by company specific news on Index heavy weights post the disappointment of change of stance by RBI in the monetary policy. Reliance Jio’s commercial launch has spurted the stock price of Reliance. The buyback announcement by TCS has led to both TCS & Infosys rising. HDFC bank gained as the FPI window opened and closed in a few hours. The large cap index - NSE Nifty 50 Index rose 3.7%, a positive monthly closing for the second time in a row post demonetization and dollar strengthening correction in the months of Nov & Dec’16. The midcaps continue to outperform the large cap as the Midcap Index (NSE Nifty Free Float Midcap 100 Index) gained 6.9% for the month. The small cap index (NSE Nifty Free Float Smallcap 100 Index) gained 6.4% significantly outperforming its large cap peer. All the major and sectoral indices except Auto Index have moved up above the 08th Nov’16 levels, the day when demonetization was announced. (Source: Bloomberg)

In terms of flows, the FPIs bought over USD 1564 mn during the month. Among the domestic institutions, the mutual funds bought about USD 279 mn while other DIIs were net sellers at USD 141 mn. (Source: Bloomberg)

Post demonetization, our commentary has been that the macro data and high frequency data would be confusing due to varied consumer behavior and way the data is collected. It is coming to light in the recently announced numbers. The

CPI for the month of January came in at 3.2%, a decrease of 0.2% over the previous month due to benign food inflation. However, core CPI increased to 5.2% yoy, an increase of 0.3% over the previous month. Removing tradables like diesel, petrol and gold the core CPI continues to remain below 5%. The Jan WPI came in at 5.2%, a 30 month high beating all expectations with an increase of 1.8% over previous month. This is primarily because of input cost inflation of 6.8% due to increase in global commodity prices. (Source: Nomura Securities)

The January export growth came in at 4.3% with a decrease of 1.4% over previous month. Import growth was at 10.7% vs 0.5% of previous month. Both are as a result of price increases than volume increases which might have been impacted by demonetization (Source: Nomura Securities)

The February Manufacturing PMI came in at 50.7 which was better than 50.4 of previous month. The Services PMI came back to expansionary zone as it clocked 50.3 compared to 48.7 in the previous month. The Dec IIP contracted by 0.4%. Adding to the confusion of the numbers is Q3 GDP numbers which show a 7% YoY growth which was only 40 bps lower than that of previous quarter showing that the effect of demonetization was limited. (Source: Bloomberg)

Our sense is that the debate on the effect of demonetization will play out over the next few quarters. Meanwhile we would focus on strong companies to invest in. On the policy front, the RBI has chosen to change its stance from accommodative to neutral which spooked the bond markets. This increased yields on 10 year paper by 46 bps. The markets will figure out over the next few months if RBI would maintain inflation

targeting to achieve 4% in 2018 or would it have to lower rates to prop up growth. Meanwhile the probability of fed rate hike in March has gone up to 90% level. The GST panel has met and ironed out a few things and has given 1st of July’17 as implementation date. (Source: Bloomberg)

During the Q3 earnings season, the Nifty companies have clocked a yoy adjusted PAT growth of 10%. Removing Tata Motors it was over 16%. This indicates that we could grow by single digit in FY17 and could grow well into double digits in FY18. (Source: Birla Sunlife AMC)

From equity market perspective, we have seen a sharp recovery in the months of Jan & Feb’17. There are always reasons for markets to be cautious like the results of the ongoing state elections, fed rate hikes, elections in Europe, fallout of Trump policies etc. Though the markets are trading above fair valuations, we expect the recovery in earning in FY18 would help the markets to scale to new highs going forward. Hence participation in staggered manner is suggested. Investors could consider large cap, multi cap, balanced and dynamic equity funds from our stable.

Thank you. Happy investing!

USD: United States Dollar; FPI: Foreign Portfolio Investors; DII: Domestic Institutional Investors; BSL: Birla Sunlife; WPI: Wholesale Price Index; CPI: Consumer Price Index; IIP: Index of Industrial Production; PMI: Purchasing Managers Index; FY: Fiscal Year; TCS: Tata Consultancy Services; GST: Goods & Services Tax; GDP: Gross Domestic Product

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Post the last RBI policy, wherein there was a surprising shift in stance from accommodative to neutral, we have been carefully analyzing incoming data to find reinforcing evidence on either side. Globally, Trump’s speech and Janet Yellen Comments before the March Federal open market committee (FOMC) policy made headlines.Domestic growth High frequency indicators have shown some recovery in the last month. Both Purchasing managers index (PMI) manufacturing and Services for Feb’17 have expanded. But core IIP growth slowed down to 3.4% from 5.6% in Dec’17 as cement production contracted. Dec’17 IIP growth turned out to be negative, falling from 5.7% in Nov’16 to -0.4% in Dec’16 as production of consumer durables, non durables as well as capital goods contracted. (Source: PIB)We also saw the release of GDP data for Q3FY17 and this was more important than usual, given the impact of demonetization. The Gross value add PIB-Press information bureau (GVA) growth for Q3FY17 moderated from a downward revised 6.7% yoy in Q2FY17 to 6.6% in Q3. Also the full year GVA growth forecasts for FY17 were revised downwards 6.7% v/s a 7.8% yoy growth rate for FY16. Steadiness in

GVA growth for the third quarter were imparted by 2 key factors agriculture and govt. spending. Excluding these, the GVA growth fell to 5.8% yoy for Q3 from 6.4% in Q2. Also, we take note of the fact that this data largely focuses on the formal sector and anecdotal evidence suggests that the informal sector has been more adversely impacted by demonetization. Thus, this data may be under estimating the impact of an unprecedented currency exchange program

on the overall economic activity. So, our sense is that like most other GDP releases, this one too has left has rather confused. (Source: PIB)We therefore pay a lot of attention to various high frequency indicators to gauge on ground traction. Be it diesel and petrol demand, naukri job speak index, cargo traffic handled by major ports, import of capital goods or two wheeler demand, there is a visible decline in growth rates. But that’s only a part of it. There are indicators where we are seeing some sort of recovery such as power demand, passenger vehicle sales, non-oil export growth etc. That said our sense is that these signals on balance suggest a slowdown.

Domestic Inflation Continued softness in food prices led CPI inflation for Jan’17 moderate to 3.17% yoy from 3.41% in Dec’16. Food disinflation was largely driven by deflation in vegetables and pulses. Moving on to core CPI, we analyze core CPI inflation as a byproduct of aggregate demand, that is why commodities where we are price takers such as gold, crude oil and its by products (diesel, petrol, ATF etc) are excluded in our process. This form of core CPI inflation has been on a downtrend since the beginning of 2016 and has fallen to 4.45% in Jan’17 (lower than RBI’s core CPI inflation of 4.9-5%). (Source: PIB)WPI inflation courtesy unfavorable base and sequential strengthening of global commodity prices zoomed to 5.25% in Jan’17 from 3.4% in Dec’16. While food deflation kept inflation in primary articles at low levels, fuel and power inflation increased to 18% yoy in Jan’17 from 8.65% in Dec’16. There was a 30bps increase in inflation in manufactured products as well. Since sequential increase actually played a rather small role in this high wholesale price index (WPI) inflation print, it is important to note that over the last one month the global commodity price index has in fact stayed flat. (Source: PIB, bloomberg)Fiscal and external trade indicators Fiscal deficit of the govt between Apr-Jan exceeded the budgeted number. Given the RE as per the union budget, this should consolidate over the next two months. On the external trade side, with overwhelming price effects at play, the growth rate for non oil exports and non oil, non gold imports stayed robust in Jan’17, even as headline trade deficit moderated a tad. We estimate Q3FY17 CAD to rise to about ~13bn$ and revise our full year current account deficit (CAD) estimates upwards to ~25bn$ for FY17. While there isn’t any significant moderation in CAD, there isn’t much to worry on the external vulnerability front as the basic balance is still positive, meaning that our FDI flows are more than our CAD and so we needn’t rely on FPI flows to fund that. (Source: Bloomberg)Other developments and portfolio positioning Globally the markets continued with the risk on mode with Equity markets strengthening across during the month. The market was waiting anxiously for Trump to reveal his plan on tax cut however much was not forthcoming in his speech as he postponed the details further down the line. Lack of details however failed to deter the markets as it cheered Trump’s speech. Global yields particularly US yields remained range bound. Post some clarity on Trump’s speech which though couldn’t lay out a well charted tax path, but the absence of any radical measures gave markets a breather. Statements by a few Fed Governors and incoming data in the US has made a Fed rate hike in March an almost certain event (Market assigning a probability of 96%). Accordingly US yields rose to 2.51 post it, however it retraced the move and is back trading at 2.46-47 levels. The impact on EM yields has been limited till now. A Fed hike in March would not be much of a surprise and market is building in around 2-3 hikes for 2017 with most of the analysts shifting to a base case of 3 hikes for the calendar year. Thus the scope of violent movement post the hike (if any) is limited unless the statement surprises on either side by a wide margin. EM yields hence looks decently protected in such a case, though small movements could and would happen. Indian bond reaction would be dependent on market positioning which is hard to ascertain, however given that market looks weak technically we won’t rule a bit of sell off though the upward movement in yields would be limited the recent ceiling made by the 10y bond recently.Domestic inflation continues to be benign as we expect inflation to be well behaved and contained in foreseeable future. We expect the disinflationary trend

to continue and a steady movement lower to 4% level. Weakness in growth and land prices, political will of the Govt and RBI’s commitment to Inflation targeting means that this target is more achievable than before. Given this growth inflation dynamics it means that we are biased towards duration. The risk to view emanates from global as any unprecedented step from Trump could have a possible impact on currency and then on yields and thus we remain vigilant on that front while at the same time positioning our funds to take advantage of an attractive environment for duration.

Investment Outlook-Debt

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Good to remember


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Good to remember

VI

The Financial Solution(s) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns.

^Direct Plan under the Schemes is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor.**Default Plan: In case Distributor code is mentioned in the application form, but “Direct Plan” is indicated against the Scheme name, the Distributor code will be ignored and the application will be processed under Direct Plan. Further, where application is received for Regular Plan without Distributor code or “Direct” mentioned in the ARN Column, the application will be processed under Direct Plan.The default option under the Regular or Direct Plan of the Scheme, as the case maybe, shall be applied accordingly.

SCHEME PLAN/OPTION(which continue for fresh subscription)

DEFAULT OPTION**

MINIMUMINVESTMENTAMOUNT

EXIT LOADFor redemption-switch out consider from the date of allotment.

PLAN^ OPTION

Birla Sun Life Cash PlusRegular Plan

Daily Dividend (Reinvestment)

Daily Dividend Reinvestment ` 1,000/- NilWeekly Dividend (Payout / Reinvestment)

Direct PlanDividend (Payout / Reinvestment)

GrowthBirla Sun Life Floating Rate Fund - Short Term Plan Regular Plan

Daily Dividend (Reinvestment)Weekly Dividend (Reinvestment)

GrowthDaily Dividend Reinvestment ` 1,000/- Nil

Direct Plan

Birla Sun Life Cash Manager Regular Plan Daily Dividend (Reinvestment)Daily Dividend Reinvestment ` 1,000/- Nil

Direct PlanWeekly Dividend (Reinvestment)

GrowthBirla Sun Life Savings Fund Regular Plan Daily Dividend (Reinvestment)

Weekly Dividend (Payout / Reinvestment)Growth

Daily Dividend Reinvestment ` 1,000/- NilDirect Plan

Birla Sun Life Floating Rate Fund - Long Term Plan

Regular Plan Daily Dividend (Reinvestment)Weekly Dividend (Reinvestment)

GrowthDaily Dividend Reinvestment ` 1,000/- Nil

Direct Plan

Birla Sun Life Enhanced Arbitrage Fund

Regular Plan Dividend (Payout / Reinvestment /Sweep)Growth

Dividend Reinvestment ` 1,000/-For redemption/switch out of units within 30 days from the date of allotment: 0.50% of ap-plicable NAV For redemption/switch out of units after 30 days from the date of allotment: Nil (w.e.f. August 03, 2015)Direct Plan

Birla Sun Life Short Term Fund(erstwhile Birla Sun Life Income Fund)

Regular Plan Monthly Dividend (Payout/Reinvestment/Sweep)Dividend (Payout/Reinvestment/Sweep)

GrowthDividend Reinvestment ` 1,000/- Nil

Direct Plan

Birla Sun Life Short Term Opportunities Fund

Regular PlanQuarterly Dividend (Payout / Reinvestment)

Dividend (Payout / Reinvestment)Growth

Growth ` 1,000/-

In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment. Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 180 days from the date of allotment: 0.50% of applicable NAV. For redemption / switch-out of units after 180 days from the date of allotment: Nil (w.e.f. October 10, 2016)

Direct Plan

Birla Sun Life Treasury Optimizer Plan (erstwhile Birla Sun Life Ultra Short Term Fund)

Regular Plan Monthly Dividend (Payout / Reinvestment)Quarterly Dividend (Payout / Reinvestment)

Dividend (Payout / Reinvestment)Growth

Monthly Dividend Reinvestment ` 1,000/- Nil Direct Plan

Birla Sun Life Medium Term PlanRegular Plan

Quarterly Dividend (Payout / Reinvestment)Half Yearly Dividend (Payout / Reinvestment)

Dividend (Payout / Reinvestment /Sweep)Growth

Growth ` 1,000/-

In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment. Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 365 days from the date of allotment: 1.00% of applicable NAV. For redemption / switch-out of units after 365 days from the date of allotment: Nil. (w.e.f. October 10, 2016)

Direct Plan

Birla Sun Life Corporate Bond FundRegular Plan Dividend (Payout / Reinvestment)

Growth ` 1,000/-

For redemption/switch out of units within 365 days from the date of allotment: 2.00% of applicable NAV. For redemption/switch out of units after 365 days but before 730 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 730 days from the date of allotment: Nil.Direct Plan Growth

Birla Sun Life Dynamic Bond FundRegular Plan

Monthly Dividend Sweep

` 1,000/-

In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment. Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 90 days from the date of allotment: 0.50% of applicable NAV. For redemption / switch-out of units after 90 days from the date of allotment: Nil (w.e.f. October 10, 2016)

Monthly Dividend (Payout / Reinvestment /Sweep) • Choice of Option : Quarterly Dividend• Choice of Sub-Option : Divi-dend Reinvestment

Direct PlanQuarterly Dividend (Payout / Reinvestment /Sweep)

Growth Dividend (Payout / Reinvestment /Sweep)

Birla Sun Life Income Plus Regular Plan Dividend (Payout / Reinvestment) Quarterly Dividend (Payout / Reinvestment)

GrowthDividend Reinvestment ` 1,000/- Nil

Direct Plan

Birla Sun Life Constant Maturity 10 Year Gilt Fund (erstwhile Birla Sun Life Gilt Plus – Regular Plan)

Regular Plan Quarterly Dividend (Payout / Reinvestment /Sweep)Growth

Growth ` 1,000/- NilDirect Plan

Birla Sun Life Government Securities Fund- Long Term Plan

Regular Plan Half Yearly Dividend (Payout / Reinvestment)Growth

Growth` 1,000/- Nil

Direct PlanBirla Sun Life Gilt Plus - PF Plan Regular Plan Quarterly Dividend (Payout / Reinvestment /Sweep)

Growth (Quarterly Gain / Annual Gain)Growth ` 1,000/- Nil

Direct PlanBirla Sun Life Active Debt Multi Manager FoF Scheme

Regular Plan Dividend (Payout/Reinvestment)Growth

Dividend Reinvestment ` 1,000/-For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: NilDirect Plan

Birla Sun Life Financial Planning FOF - Conservative Plan


Dividend Reinvestment ` 1,000/- If redeemed within and including 1 year from the date of allotment: 1% If redeemed after 1 year from the date of allotment : NilDirect Plan

Birla Sun Life Financial Planning FOF Prudent Plan



SAVINGS SOLUTIONS

Funds at a Glance


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Product Labelling Disclosures

Name of Scheme This product is suitable for investors who are seeking*: RiskometerBirla Sun Life Cash Plus(An Open ended Liquid Scheme)

reasonable returns with high levels of safety and convenience of liquidity over short term•investments in high quality debt and money market instruments with maturity of upto 91 days •only

Investors understand that their principal will be at Low risk

Birla Sun Life Floating Rate Fund - Short Term Plan(An Open ended Income Scheme)

reasonable returns with convenience of liquidity over short term•investments in debt and money market instruments with maturity of upto 91 days only•

Birla Sun Life Cash Manager(An Open ended Income Scheme)

reasonable returns with convenience of liquidity over short term•investments in a basket of debt and money market instruments of very short maturities•

Investors understand that their principal will be at Moderately Low risk

Birla Sun Life Savings Fund(An Open ended Short Term Income Scheme)

reasonable returns with convenience of liquidity over short term•investments in debt and money market instruments•

Birla Sun Life Floating Rate Fund - Long Term Plan(An Open ended Income Scheme)

income with capital growth over short term•investments in a mix of fixed and floating rate debt and money market instruments•

Birla Sun Life Enhanced Arbitrage Fund(An Open ended Equity Scheme)

income over short term•investments in equity and equity related securities including derivatives for taking advantage •from the price differentials/mis-pricing prevailing for stock/index in various segments (Cash & Futures)

Investors understand that their principal will be at Moderate risk

Birla Sun Life Short Term Fund(An Open ended Income Scheme)

income with capital growth over short term•investments in debt and money market instruments•


Birla Sun Life Short Term Opportunities Fund(An Open ended Income Scheme)

income with capital growth over short to medium term•investments in debt and money market instruments with short to medium term maturities across •the credit spectrum within the investment grade


Birla Sun Life Treasury OptimizerPlan (erstwhile Birla Sun Life UltraShort Term Fund)(An Open ended Short Term Income Scheme)

reasonable returns with convenience of liquidity over short term•investments in debt and money market securities with relatively low levels of interest rate risk•

Birla Sun Life Medium Term Plan(An Open ended Income Scheme)

income with capital growth over medium to long term•investments in debt and money market instruments•

Birla Sun Life Corporate Bond Fund (An Open ended Income Scheme)

Income with capital growth over short to medium term•Investment in portfolio of corporate debt securities with short to medium term maturities across •the credit spectrum within the investment grade.

Birla Sun Life Dynamic Bond Fund(An Open ended Income Scheme)

income with capital growth over short term•investments in actively managed portfolio of high quality debt and money market instruments •including government securities

Birla Sun Life Income Plus(An Open ended Income Scheme)

income with capital growth over medium to long term•investments in a combination of debt and money market instruments including government •securities of varying maturities

Birla Sun Life Constant Maturity 10 Year Gilt Fund (erstwhile Birla Sun Life Gilt Plus – Regular Plan) (An Open ended Government Securities Scheme)

credit risk-free returns based on their own view on interest rate scenario over short to medium •terminvestments in a portfolio of Central Government securities of around 10 year average maturity.•

Birla Sun Life Government Securities Fund - Long TermPlan (An Open ended Gilt Scheme)

income with capital growth over medium to long term•investments exclusively in Government Securities•

Birla Sun Life Gilt Plus - PF Plan(An Open ended GovernmentSecurities Scheme)

income with capital growth over medium to long term•investments exclusively in Government Securities•

Birla Sun Life Active Debt Multi Manager FoF Scheme(An Open ended Fund of Funds Scheme)

Capital appreciation in the long term•Investment in a dynamically managed portfolio of debt funds•

Birla Sun Life Financial Planning FOF - Conservative Plan(An Open ended Fund of FundsScheme)

Capital appreciation through strategic asset allocation which is based on satisfying the needs to a •specific risk-return profile (Conservative) of investors in the long termInvestment in portfolio of mutual fund schemes (predominantly in liquid / money market funds & •debt funds)

Birla Sun Life Financial Planning FOF - Prudent Plan(An Open ended Fund of FundsScheme)

Capital appreciation through strategic asset allocation which is based on satisfying the needs to a •specific risk-return profile (Prudent) of investors in the long termInvestment in portfolio of mutual fund schemes (predominantly in a combination of equity funds, •liquid / money market funds & debt funds)

Investors understand that their principal will be at Moderately High risk

*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

VIII

Funds at a Glance

^Direct Plan under the Schemes is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor.


**Default Plan: In case Distributor code is mentioned in the application form, but “Direct Plan” is indicated against the Scheme name, the Distributor code will be ignored and the application will be processed under Direct Plan. Further, where application is received for Regular Plan without Distributor code or “Direct” mentioned in the ARN Column, the application will be processed under Direct Plan.The default option under the Regular or Direct Plan of the Scheme, as the case maybe, shall be applied accordingly.

SCHEME PLAN/ OPTION DEFAULT OPTION** MINIMUMINVESTMENTAMOUNT

EXIT LOADFor redemption-switch out consider from the date of allotment.PLAN^ OPTION

Birla Sun Life MIP II - Savings 5 Plan Regular PlanMonthly Dividend (Payout / Reinvestment /Sweep)

Monthly PaymentGrowth

• Choice of Option : Growth• Choice of Sub-Option within Monthly DividendOption : Dividend Reinvestment

` 1,000/-For redemption/switch out of units within 540 days from the date of allotment: 1.00% of the applicable NAV.For redemption/switch out of units after 540 days from the date of allotment: Nil.Direct Plan

Birla Sun Life MIP Regular PlanMonthly Dividend (Payout/Reinvestment/Sweep)

Monthly Payment (Instant / Deferred)Growth

• Choice of Option within Monthly Dividend : Dividend Reinvestment• Choice of Option within Monthly Payment Plan : Instant

` 1,000/-For redemption/switch out of units within 1095 days from the date of allotment: 1.00% of the applicable NAV.For redemption/switch out of units after 1095 days from the date of allotment: Nil. Direct Plan

Birla Sun Life Monthly IncomeRegular Plan

Monthly Dividend (Payout/Reinvestment/Sweep)Quarterly Dividend (Payout/Reinvestment/Sweep)

• Choice of Plan : Growth• Choice of Option within Monthly Dividend : Dividend Reinvestment• Choice of Plan within Quarterly Dividend : Dividend Reinvestment

` 1,000/-For redemption/switch out of units within 540 days from the date of allotment: 1.00% of the applicable NAV.For redemption/switch out of units after 540 days from the date of allotment: Nil. Direct Plan Growth

Birla Sun Life MIP II - Wealth 25 Plan

Regular PlanMonthly Dividend (Payout / Reinvestment /Sweep)

Monthly PaymentGrowth

• Choice of Option : Growth• Choice of Sub-Option within Monthly DividendOption : Dividend Reinvestment

` 1,000/-

In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment.Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 365 days from the date of allotment: 1.00% ofapplicable NAV. For redemption / switch-out of units after 365 days from the date of allotment: Nil. (w.e.f. October 10, 2016)

Direct Plan

REGULAR INCOME SOLUTIONS

SCHEME PLAN/ OPTION DEFAULT OPTION** MINIMUMINVESTMENTAMOUNT

EXIT LOADFor redemption-switch out consider from the date of allotment.PLAN^ OPTION

Birla Sun Life Tax Relief ‘96# Regular Plan Dividend (Payout/Sweep)Dividend Payout ` 500/- Nil

Direct Plan Growth

Birla Sun Life Tax Plan# Regular Plan Dividend (Payout/Sweep)Dividend Payout ` 500/- Nil

Direct Plan Growth

Birla Sun Life Tax Savings Fund Regular Plan Dividend (Payout)GrowthBonus

N.A as the scheme does not accept fresh subscriptions / Switch-in NilDirect Plan

TAX SAVINGS SOLUTIONS



#The Dividend Reinvestment Facility under the scheme have been discontinued w.e.f. February 12, 2015. Please refer addendum no. 07/2015 dated February 09, 2015 for further details.


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Name of Scheme This product is suitable for investors who are seeking*: RiskometerBirla Sun Life MIP II - Savings 5Plan(An Open ended Income Scheme.Monthly income is not assured and issubject to availability of distributablesurplus)

regular income with capital growth over medium to long term•investments in debt and money market instruments as well as equity and equity related •securities [0-10%]


Birla Sun Life MIP(An Open ended Income Scheme.Monthly income is not assured and is subject to availability of distributablesurplus)

regular income with capital growth over medium to long term.•investments in debt and money market instruments as well as equity and equity related •securities [upto 15%]

Birla Sun Life Monthly Income (An Open ended Income Scheme.Monthly income is not assured and issubject to availability of distributablesurplus)

regular income with capital growth over medium to long term•investments in debt and money market instruments as well as equity and equity related •securities [upto 15%]

Birla Sun Life MIP II - Wealth 25Plan(An Open ended Income Scheme.Monthly income is not assured and issubject to availability of distributablesurplus)

regular income with capital growth over medium to long term•investments in debt and money market instruments as well as equity and equity related •securities [20-30%]


Birla Sun Life Tax Relief ‘96(An Open Ended Equity Linked Savings Scheme (ELSS) with a lock-in of 3 years)

long term capital growth•investments in equity and equity related securities, with tax benefit under section 80C, subject to •eligibility


Birla Sun Life Tax Plan(An Open ended Equity Linked Savings Scheme (ELSS) with a lock-in of 3 years)

long term capital growth•investments in equity and equity related securities, with tax benefit under section 80C, subject to •eligibility

Birla Sun Life Tax SavingsFund(An Open ended Equity Linked Savings Scheme (ELSS) with a lock-in of 3 years

Investment in equity linked savings scheme (lock in period of 3 years) which aims to provide •medium to long term capital appreciation along with income tax rebateInvestment predominantly in equity and equity related securities•

Birla Sun Life Capital Protection Oriented Fund - Series 19, 20, 21, 22 & 23(A Close ended Capital Protection Oriented Scheme)

capital protection and capital appreciation linked to equity market at the end of medium / long •term tenureinvestments in highest rates debt and money market instruments maturing on or before the •tenure of the scheme and equity and equity related securities


Birla Sun Life Capital Protection Oriented Fund - Series 25 & 26 (A Close ended Capital Protection Oriented Scheme)

capital protection and capital appreciation linked to equity market at the end of medium / long •term tenureinvestments in highest rated debt and money market instruments maturing on or before the •tenure of the scheme and exposure to derivative instruments (long call options)

Birla Sun Life Emerging Leaders Fund - Series 1 to Series 6 (A Close ended Equity Scheme)

long term capital growth•investments in equity and equity related securities predominantly in small & midcap companies.•


Birla Sun Life Focused Equity Fund- Series 2 to Series 6(A Close ended Equity Scheme investing in Eligible Securities as per Rajiv Gandhi Equity Savings Scheme, 2013)

long term capital growth•investments in equity securities specified as Eligible Securities as per Rajiv Gandhi Equity Savings •Scheme, 2013, as amended from time to time


X

Funds at a Glance



WEALTH CREATION SOLUTIONS

SCHEME PLAN/ OPTION DEFAULT OPTION**

MINIMUM INVESTMENT

AMOUNT

EXIT LOADFor redemption-switch out consider from the date of allotment.

PLAN^ OPTION

Birla Sun Life Equity Savings FundRegular Plan Dividend (Payout, Reinvestment & Sweep)

GrowthDividend Reinvestment ` 1,000/-

For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: Nil.Direct Plan

Birla Sun Life Balanced Advantage Fund Regular Plan

Dividend (Payout/Reinvestment)Growth

Dividend Reinvestment ` 1,000/-


Direct Plan

Birla Sun Life Balanced ‘95 FundRegular Plan Dividend (Payout/Reinvestment/Sweep)



Direct Plan Growth

Birla Sun Life Index Fund Regular Plan Dividend (Payout/Reinvestment/Sweep)Dividend Reinvestment ` 1,000/- Nil

Direct Plan GrowthBirla Sun Life Frontline Equity Fund Regular Plan Dividend (Payout/Reinvestment/Sweep)

GrowthDividend Reinvestment ` 1,000/- within 365 days/1% of applicable NAV.

Direct PlanBirla Sun Life Top 100 Fund Regular Plan Dividend (Payout/Reinvestment/Sweep)

Dividend Reinvestment ` 1,000/-For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: NilDirect Plan Growth

Birla Sun Life Equity Fund Regular Plan Dividend (Payout/Reinvestment/Sweep)Dividend Reinvestment ` 1,000/- For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV.

For redemption/switch out of units after 365 days from the date of allotment: NilDirect Plan GrowthBirla Sun Life Advantage Fund Regular Plan Dividend (Payout/Reinvestment/Sweep)

Dividend Reinvestment ` 1,000/-within 365 days from the date of allotment: 1.00% of applicable NAV. after 365 days from the date of allotment: NilDirect Plan Growth

Birla Sun Life MNC Fund Regular Plan Dividend (Payout/Reinvestment/Sweep)Dividend Reinvestment ` 1,000/- within 365 days/1% of applicable NAV.

Direct Plan GrowthBirla Sun Life Midcap Fund Regular Plan Dividend (Payout / Reinvestment / Sweep)

Growth (Growth with Triggered Facility)Dividend Reinvestment ` 1,000/- For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV.

For redemption/switch out of units after 365 days from the date of allotment: NilDirect PlanBirla Sun Life Small & Midcap Fund Regular Plan Dividend (Payout / Reinvestment)

Dividend Payout ` 1,000/- within 365 days/1% of applicable NAV.Direct Plan Growth

Birla Sun Life Pure Value Fund Regular Plan Dividend (Payout/Reinvestment) • Choice of Plan : Growth• Choice of Option : Reinvestment

` 1,000/-For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: NilDirect Plan Growth

Birla Sun Life Manufacturing Equity Fund

Regular Plan Dividend (Payout & Reinvestment) Growth

Dividend Reinvestment ` 1,000/-For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV.For redemption/switch out of units after 365 days from the date of allotment: Nil.Direct Plan

Birla Sun Life Banking and Financial Services Fund



Birla Sun Life Dividend Yield Plus Regular PlanDividend (Payout/Reinvestment/Sweep)



Direct Plan Growth

Birla Sun Life Special Situations Fund

Regular Plan Dividend (Payout/Reinvestment/Sweep) • Choice of Plan : Growth• Choice of Option : Reinvestment

` 1,000/- within 365 days/1% of applicable NAV.Direct Plan Growth

Birla Sun Life India Reforms Fund Regular Plan Dividend (Payout / Reinvestment)Dividend Reinvestment ` 1,000/-

For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: NilDirect Plan Growth

Birla Sun Life Infrastructure Fund Regular Plan Dividend (Payout/Reinvestment/Sweep)Growth

Dividend Reinvestment ` 1,000/- within 365 days/1% of applicable NAV.Direct Plan

Birla Sun Life New Millennium Fund Regular Plan Dividend (Payout/Reinvestment/Sweep)Dividend Reinvestment ` 1,000/- within 365 days/1% of applicable NAV.

Direct Plan GrowthBirla Sun Life India GenNext Fund Regular Plan Dividend (Payout/Reinvestment/Sweep)

Dividend Reinvestment ` 1,000/- within 365 days/1% of applicable NAV.Direct Plan Growth

Birla Sun Life India Opportunities Fund

Regular Plan Dividend (Payout/Reinvestment/Sweep)Dividend Reinvestment ` 1,000/-

365 days from the date of allotment: 1.00% of applicable NAV. after 365 days from the date of allotment: Nil.Direct Plan Growth

Birla Sun Life International Equity Fund (Plan A)

Regular Plan Dividend (Payout/Reinvestment/Sweep)Dividend Reinvestment ` 1,000/-

within 365 daysfrom the date of allotment: 1.00% ofapplicable NAV. after 365 days from the date of allotment: Nil.Direct Plan Growth

Birla Sun Life International Equity Fund (Plan B)

Regular Plan Dividend (Payout/Reinvestment/Sweep)Dividend Reinvestment ` 1,000/- within 365 days/1% of applicable NAV.

Direct Plan GrowthBirla Sun Life Commodity Equities Fund - Global Agri Plan (GAP)

Regular Plan Dividend (Payout / Reinvestment /Sweep)Growth

Growth / Reinvestment ` 1,000/-For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: NilDirect Plan

Birla Sun Life Global Commodities Fund

Regular Plan Dividend (Payout/Reinvestment)Dividend Reinvestment ` 1,000/-

If redeemed on or before 365 days from the date of allotment - 1% - if redeemed after 365 days from the date of allotment - NilDirect Plan Growth

Birla Sun Life Global Real Estate Fund

Regular Plan Dividend (Payout / Reinvestment)Growth

Dividend Reinvestment ` 1,000/- If redeemed on or before 365 days from the date of allotment - 1% - if redeemed after 365 days from the date of allotment - NilDirect Plan

Birla Sun Life Gold FundRegular Plan

N/A N/A ` 1,000/-For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV For redemption/switch out of units after 365 days from the date of allotment: Nil **Exit Load is NIL for units issued in Bonus & Dividend ReinvestmentDirect Plan

Birla Sun Life Asset Allocator Multi Manager FoF Scheme

Regular Plan Dividend (Payout/Reinvestment)Dividend Reinvestment ` 1,000/-

If redeemed on or before 365 days from the date of allotment - 1% - if redeemed after 365 days from the date of allotment - NilDirect Plan Growth

Birla Sun Life Financial Planning FOF - Aggressive Plan

Regular Plan Dividend (Payout/Reinvestment)Dividend Reinvestment

` 1,000/-` 1,000/-

For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: NilDirect Plan Growth



XI


Name of Scheme This product is suitable for investors who are seeking*: RiskometerBirla Sun Life Equity Savings Fund(An Open ended Equity Scheme)

long term capital growth and income•An open ended equity scheme investing in equity and equity related securities including the use •of equity derivatives strategies and arbitrage opportunities with balance exposure in debt and money market instruments


Birla Sun Life Balanced AdvantageFund(An Open ended Asset AllocationScheme)

Capital appreciation and regular income in the long term•Investment in equity & equity related securities as well as fixed income securities (Debt & Money •Market securities)

Birla Sun Life Balanced ‘95 Fund(An Open ended Balanced Scheme)

long term capital growth and income•investment predominantly in equity and equity related securities as well as debt and money •market instruments

Birla Sun Life Index Fund(An Open ended Index Linked Growth Scheme)

long term capital growth•investments in stocks in line with Nifty 50 and / or in exchange traded derivatives on the Nifty 50 •to generate comparable returns, subject to tracking errors.

Birla Sun Life Frontline Equity Fund(An Open ended Growth Scheme)

long term capital growth•investments in equity and equity related securities, diversified across various industries in line with •the benchmark index, S&P BSE 200

Birla Sun Life Top 100 Fund(An Open ended Growth Scheme)

long term capital growth•investments in equity and equity related securities of top 100 companies as measured by market •capitalisation

Birla Sun Life Equity Fund(An Open ended Growth Scheme)

long term capital growth•investments in equity and equity related securities•

Birla Sun Life Advantage Fund(An Open ended Growth Scheme)

long term capital growth•investments in equity and equity related securities•

Birla Sun Life MNC Fund(An Open ended Growth Scheme)

long term capital growth•investments primarily in equity and equity related securities of multinational companies (MNCs)•

Birla Sun Life Midcap Fund(An Open ended Growth Scheme)

long term capital growth•investments primarily in mid cap stocks•

Birla Sun Life Small & Midcap Fund(An Open ended Small and Mid CapEquity Scheme)

long term capital growth•investments predominantly in equity and equity related securities of companies considered to be •small and midcap.

Birla Sun Life Pure Value Fund(An Open ended Diversified Equity Scheme)

long term capital growth•investments in equity and equity related securities by following value investing strategy.•

Birla Sun Life Manufacturing Equity Fund(An Open ended Manufacturing Sector Scheme)

long term capital growth•investments in equity and equity related securities of companies engaged in manufacturing •sector.

Investors understand that their principal will be at High risk

Birla Sun Life Banking and Financial Services Fund(An Open ended Banking & Financial Services Sector Scheme)

long term capital growth•Investments in equity and equity related securities of companies engaged in banking and •financial services

Birla Sun Life Dividend Yield Plus(An Open ended Growth Scheme)

long term capital growth•investments in equity and equity related securities of companies having relatively high dividend •yield


Birla Sun Life Special Situations Fund(An Open ended Diversified Equity Scheme)

long term capital growth•investments in equity and equity related securities by following investment strategy that would •take advantage of Special Situations like buy backs, open offers, demerger etc. & contrarian investment style.


Birla Sun Life India Reforms Fund(An Open ended Equity Scheme)

long term capital growth•investments in equity and equity related securities of companies expected to benefit from the •economic reforms, PSU divestment and increased government spending

Birla Sun Life Infrastructure Fund(An Open ended Growth Scheme)

long term capital growth•investments in equity and equity related securities of companies that are participating in the •growth and development of Infrastructure in India

Birla Sun Life New Millennium Fund(An Open ended Growth Scheme)

long term capital growth•investments in equity and equity related securities with a focus on investing in IT, media, telecom •related and other technology enabled companies

Birla Sun Life India GenNext Fund(An Open ended Growth scheme)

long term capital growth•investments in equity and equity related securities of companies that are expected to benefit from •the rising consumption patterns in India fuelled by high disposable incomes

Birla Sun Life India Opportunities Fund(An Open ended Growth Scheme)

long term capital growth•investments in equity and equity related securities of companies that seek to leverage India’s •competitive advantages in global outsourcing theme.


XII


Name of Scheme This product is suitable for investors who are seeking*: RiskometerBirla Sun Life International EquityFund-Plan A(An Open ended Diversified EquityScheme)

long term capital growth•investments predominantly in equity and equity related securities in the international markets•


Birla Sun Life International EquityFund-Plan B(An Open ended Diversified EquityScheme)

long term capital growth•investments in equity and equity related securities in the domestic market (65 to 75%) and in •international markets (25 to 35%)

Birla Sun Life Commodity EquitiesFund - Global Agri Plan (GAP)(An Open ended Growth Scheme)

long term capital growth•investments in stocks of Agri commodity companies, i.e., companies engaged in or focusing on •the Agri business, whether issued in India or overseas

Birla Sun Life Global CommoditiesFund(An Open ended Fund of Funds Scheme)

Capital appreciation in the long term•Investment in units of global mutual funds which invest in commodity related securities•

Birla Sun Life Global Real Estate Fund(An Open ended Fund of Funds Scheme)

Capital appreciation in the long term•Investment predominantly in units of Global Fund investing in Companies engaged in Real Estate •Sector

Birla Sun Life Gold ETF(An Open ended Gold Exchange Traded Fund)

returns that are in line with the performance of gold over long term, subject to tracking errors.•investments in physical gold of 99.5% purity (fineness)•


Birla Sun Life Gold Fund(An Open ended Fund of Funds Scheme)

returns in line with performance of Birla Sun Life Gold ETF (BSL GETF) over long term•investments predominantly in units of Birla Sun Life Gold ETF. BSL GETF invests in physical gold •of 99.5% purity (fineness)

Birla Sun Life Asset AllocatorMulti Manager FoF Scheme(An Open ended Fund of Funds Scheme

Capital appreciation in the long term•Investment in portfolio of equity and debt funds•

Birla Sun Life Financial Planning FOF - Aggressive Plan(An Open ended Fund of FundsScheme)

Capital appreciation through strategic asset allocation which is based on satisfying the needs to a •specific risk-return profile (Aggressive) of investors in the long termInvestment in portfolio of mutual fund schemes (predominantly in equity funds)•



https://www.facebook.com/bslmf https://www.linkedin.com/company/bslmfXIII

Equity Investment Outlook 1

Debt Investment Outlook II

Decoding the Union Budget 2017 III

Good to remember V

Funds at a Glance & Product Labelling Disclosures VII

Different Solutions To Suit Your Various Needs 1

Savings Solutions 2

Birla Sun Life Cash Plus 3

Birla Sun Life Floating Rate Fund - Short Term Plan 4

Birla Sun Life Cash Manager 5

Birla Sun Life Savings Fund 6

Birla Sun Life Floating Rate Fund - Long Term Plan 7

Birla Sun Life Enhanced Arbitrage Fund 8

Birla Sun Life Short Term Fund 9

Birla Sun Life Short Term Opportunities Fund 10

Birla Sun Life Treasury Optimizer Plan 11

Birla Sun Life Medium Term Plan 12

Birla Sun Life Corporate Bond Fund 13

Birla Sun Life Dynamic Bond Fund 14

Birla Sun Life Income Plus 15

Birla Sun Life Constant Maturity 10 Year Gilt Fund 16

Birla Sun Life Government Securities Fund - Long Term Plan 17

Birla Sun Life Gilt Plus - PF Plan 18

Birla Sun Life Active Debt Multi Manager FoF Scheme 19

Birla Sun Life Financial Planning FOF - Conservative Plan 20

Birla Sun Life Financial Planning FOF - Prudent Plan 21

Regular Income Solutions 22

Birla Sun Life MIP II - Savings 5 Plan 23

Birla Sun Life MIP 24

Birla Sun Life Monthly Income 25

Birla Sun Life MIP II - Wealth 25 Plan 26

Tax Savings Solutions 27

Birla Sun Life Tax Relief ‘96 28

Birla Sun Life Tax Plan 29

Birla Sun Life Tax Savings Fund 30

Tax Reckoner 31

Wealth Creation Solutions 33

Birla Sun Life Equity Savings Fund 34

Birla Sun Life Balanced Advantage Fund 35

Birla Sun Life Balanced ‘95 Fund 36

Birla Sun Life Index Fund 37

Birla Sun Life Frontline Equity Fund 38

Birla Sun Life Top 100 Fund 39

Birla Sun Life Equity Fund 40

Birla Sun Life Advantage Fund 41

Birla Sun Life MNC Fund 42

Birla Sun Life Midcap Fund 43

Birla Sun Life Small & Midcap Fund 44

Birla Sun Life Pure Value Fund 45

Birla Sun Life Manufacturing Equity Fund 46

Birla Sun Life Banking and Financial Services Fund 47

Birla Sun Life Dividend Yield Plus 48

Birla Sun Life Special Situations Fund 49

Birla Sun Life India Reforms Fund 50

Birla Sun Life Infrastructure Fund 51

Birla Sun Life New Millennium Fund 52

Birla Sun Life India GenNext Fund 53

Birla Sun Life India Opportunities Fund 54

Birla Sun Life International Equity Fund - Plan A 55

Birla Sun Life International Equity Fund - Plan B 56

Birla Sun Life Commodity Equities Fund - Global Agri Plan (GAP) 57

Birla Sun Life Global Commodities Fund 58

Birla Sun Life Global Real Estate Fund 59

Birla Sun Life Gold ETF 60

Birla Sun Life Gold Fund 61

Birla Sun Life Asset Allocator Multi Manager FoF Scheme 62

Birla Sun Life Financial Planning FOF-Aggressive Plan 63

Close Ended Scheme Performance 64

Fund Manager Wise Scheme Details 67

Portfolios 68

Industry Allocation 82

Glossary Page 86

INDEX




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57.76%

21.60%

8.23%

7.93%4.48%

AAA Cash & Current AssetsUnrated SovereignAA

A fund that aims to provide the convenience of a savings account with the opportunity to earn higher post-tax returns. (Investors are advised to consult their tax advisor in view of individual nature of tax benefits.)

An Open-ended liquid scheme with the objective to provide reasonable returns at a high level of safety and liquidity through judicious investments in high quality debt and money market instruments.

Fund Manager: Mr. Kaustubh Gupta & Ms. Sunaina Da CunhaManaging Fund Since: July 15, 2011Total Experience: 9 years & 11 yearsDate of Allotment: June 16, 1997Type of Scheme: An Open-ended Liquid SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)NAV of Plans / Options (`)^Retail Plan Growth : 420.4023Dividend: 163.6940Institutional Plan Growth : 431.4195Dividend: 108.0230Weekly Dividend: 108.0884Regular Plan$ Growth : 259.0647Daily Dividend: 100.1950Weekly Dividend: 100.2439Dividend: 108.3855Direct Plan$ Growth : 259.8408Daily Dividend: 100.1950Weekly Dividend: 100.2441Dividend: 141.0746^The Face Value per unit of all the plans/ options under Birla Sun Life Cash Plus has been changed from .̀10/- to .̀100/- effective from October 07, 2011Benchmark: CRISIL Liquid Fund IndexMonthly Average AUM: ` 33786.44 CroresAUM as on last day: ` 36839.20 Crores(as on 28th February 2017)Load Structure (as % of NAV) Entry Load: NilExit Load**: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterModified Duration: 0.09 yearsAverage Maturity: 0.09 yearsYield to Maturity: 6.50%Expense Ratio:Regular 0.22Direct 0.16

Birla Sun Life Cash PlusAn Open-Ended Liquid Scheme

Issuer % to net Assets Rating

Government of India 7.93% SOV

Vedanta Limited 5.95% CRISIL A1+

IndusInd Bank Limited 5.93% CRISIL A1+

Axis Bank Limited 5.92% ICRA A1+

Housing Development Finance Corporation Limited 5.27% CRISIL AAA,ICRA A1+

Kotak Mahindra Bank Limited 4.03%

Shriram Transport Finance Company Limited 3.21% CRISIL A1+,IND AA+

Talwandi Sabo Power Ltd 2.51% CRISIL A1+(SO)

National Fertilizers Limited 2.30% ICRA A1+

IDFC Bank Limited 2.15% ICRA A1+

Top Ten Portfolio Holdings

Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers 1800-270-7000 / 1800-22-7000 or from any of our Investor Service Centers.

Investment Performance - Retail Plan - Growth NAV as on December 30, 2016: ` 415.9214

Date of Inception: June 16, 1997

NAV Per Unit. *

(`)

Birla Sun Life Cash Plus

(%)

CRISIL Liquid Fund

Index # (%)

CRISIL 1Year T-BillIndex ##

(%)

Value of Standard Investment of ` 10000 in

Birla Sun Life Cash Plus (`)

CRISIL Liquid Fund Index # (`)


(`)Since inception till December 30, 2016 (CAGR) 100.0000 7.56 N/A 6.72 41592 N/A 35654

December 31, 2015 to December 30, 2016 (Absolute) 386.1952 7.70 7.48 7.27 10770 10748 10727

December 31, 2014 toDecember 31, 2015 (Absolute) 356.3402 8.38 8.23 8.22 10838 10823 10822


# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 5. Total Schemes managed by Mr. Kaustubh Gupta is 79. Total Schemes managed by Ms. Sunaina Da Cunha is 5. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. ‘Direct Plan’ is only for investors who purchase / subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

3

74.28%

16.72%

5.07%3.93%

0.0004%

AAA Cash & Current Assets

Sovereign AA

Unrated

A fund that provides the convenience of parking your savings with an opportunity to earn higher post-tax returns. (Investors are advised to consult their tax advisor in view of individual nature of tax benefits.)

The primary objective of the schemes is to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments. The schemes may invest a portion of its net assets in fixed rate debt securities and money market instruments.

Fund Manager: Mr. Kaustubh Gupta & Ms. Sunaina Da CunhaManaging Fund Since: July 15, 2011Total Experience: 9 years & 11 yearsDate of Allotment: June 05, 2003Type of Scheme: An Open-ended Income SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)NAV of Plans / Options (`)^Retail Plan Growth : 264.9512Daily Dividend: 100.0150Weekly Dividend: 103.7660Regular Plan$ Growth : 214.9999Daily Dividend: 100.0200Weekly Dividend: 100.0962Direct Plan$ Growth : 215.5936Daily Dividend: 100.0200Weekly Dividend: 100.0965The Face Value per unit of all the plans/ options under Birla Sun Life Floating Rate Fund – Short Term Plan has been changed from ̀ .10/- to ̀ .100/- effective from October 07, 2011Benchmark: CRISIL Liquid Fund IndexMonthly Average AUM: ` 4736.75 CroresAUM as on last day: ` 4454.12 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterModified Duration: 0.11 yearsAverage Maturity: 0.11 yearsYield to Maturity: 6.81%Expense Ratio:Regular 0.43Direct 0.33

Birla Sun Life Floating Rate Fund - Short Term PlanAn Open-ended Income Scheme


Family Credit Ltd 7.83% CARE A1+

Power Finance Corporation Limited 7.08% CRISIL AAA

Adani Enterprises Limited 6.71% BWR A1+


IndusInd Bank Limited 5.59% CRISIL A1+


RBL Bank Limited 4.44% ICRA A1+

The South Indian Bank Limited 4.43% CARE A1+

Kotak Mahindra Bank Limited 4.36% CRISIL A1+

National Fertilizers Limited 3.36% ICRA A1+





NAV Per Unit. *

(`)

Birla SunLife FloatingRate Fund -Short TermPlan (%)

CRISIL Liquid Fund

Index # (%)


(%)


Birla SunLife FloatingRate Fund -Short Term

Plan (`)



(`)

Since inception till December 30, 2016 (CAGR) 100.0000 7.35 6.88 5.92 26211 24683 21840




# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns.Total Schemes Co-Managed by Fund Managers is 5. Total Schemes managed by Mr. Kaustubh Gupta is 79. Total Schemes managed by Ms. Sunaina Da Cunha is 5. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. ‘Direct Plan’ is only for investors who purchase / subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com



47.85%

30.15%

11.85%

8.59%1.56%

0.01%

AAA AA

Cash & Current Assets Sovereign

Below AA Unrated


An Open ended Income scheme with the objective to provide income which is consistent with a portfolio through investments in a basket of debt and money market instruments of very short maturities with a view to provide reasonable returns.

Fund Manager: Mr. Kaustubh Gupta & Ms. Sunaina Da CunhaManaging Fund Since: July 15, 2011Total Experience: 9 years & 11 yearsDate of Allotment:Retail Plan: May 14, 1998Institutional Plan: September 27, 2004Type of Scheme: An Open-ended Income SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)^Regular Plan$ Growth : 390.1166Daily Dividend: 100.7568Weekly Dividend: 100.6996Institutional Plan Growth : 273.5265Daily Dividend: 100.5332Weekly Dividend: 100.6718Direct Plan$ Growth : 403.5846Daily Dividend: 100.5332Weekly Dividend: 100.6869^The Face Value per unit of all the plans/ options under Birla Sun Life Cash Manager has been changed from .̀10/- to .̀100/- effective from October 07, 2011Benchmark: CRISIL Short Term Bond Fund IndexMonthly Average AUM: ` 7381.08 CroresAUM as on last day: ` 7720.93 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterModified Duration: 0.95 yearsAverage Maturity: 1.08 yearsYield to Maturity: 7.17%Expense Ratio:Regular 1.04Direct 0.14

Birla Sun Life Cash ManagerAn Open-ended Income Scheme


State Government Securities 8.59% SOV

Tata Power Company Limited 8.10% ICRA AA

Reliance Jio Infocomm Limited 7.38% CRISIL AAA


Housing Development Finance Corporation Limited 6.07% CRISIL AAA

National Bank For Agriculture and Rural Development 5.82% CRISIL A1+,CRISIL AAA

Indiabulls Housing Finance Limited 4.97% CARE AAA

Cholamandalam Investment and Finance Company Limited 4.66% ICRA AA

Tata Capital Financial Services Ltd 4.52% CRISIL AA+,ICRA AA+

Shriram Transport Finance Company Limited 4.31% CRISIL AA+



Investment Performance - Regular Plan - Growth NAV as on December 30, 2016: ` 385.6116

Date of Inception: May 14, 1998

NAV Per Unit. *

(`)

Birla SunLife Cash

Manager (%)

CRISILShort TermBond FundIndex # (%)


(%)


Birla SunLife Cash

Manager (`)

CRISILShort TermBond FundIndex # (`)






# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown.Total Schemes Co-Managed by Fund Managers is 5. Total Schemes managed by Mr. Kaustubh Gupta is 79. Total Schemes managed by Ms. Sunaina Da Cunha is 5. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers.$‘These Plan/Options continue for fresh subscriptions under the scheme. ‘Direct Plan’ is only for investors who purchase / subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

5


The primary objective of the schemes is to generate regular income through investments in debt and money market instruments. Income maybe generated through the receipt of coupon payments or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions, invest its net assets in fixed income securities, money market instruments, cash and cash equivalents.

Fund Manager: Mr. Kaustubh Gupta & Ms. Sunaina Da CunhaManaging Fund Since: July 15, 2011 & June 20, 2014Total Experience: 9 years & 11 yearsDate of Allotment: Retail Plan: November 27, 2001Institutional Plan: April 16, 2003Type of Scheme: An Open-ended Short Term Income SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)^Retail Plan Growth : 306.4500Daily Dividend: 100.3244Weekly Dividend: 100.3473Regular Plan$ Growth : 316.7065Daily Dividend: 100.5074Weekly Dividend: 100.3473Direct Plan$ Growth : 318.1081Daily Dividend: 100.3244Weekly Dividend: 100.3480^The Face Value per unit of all the plans/ options under Birla Sun Life Savings Fund has been changed from .̀10/- to .̀100/- effective from October 07, 2011Benchmark: CRISIL Short Term Bond Fund IndexMonthly Average AUM: ` 18363.54 CroresAUM as on last day: ` 17858.19 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterModified Duration: 1.31 yearsAverage Maturity: 1.52 yearsYield to Maturity: 7.36%Expense Ratio:Regular 0.24Direct 0.09

Birla Sun Life Savings FundAn Open-ended Short Term Income Scheme



Power Finance Corporation Limited 10.56% CARE AAA,CRISIL AAA,ICRA AAA


Reliance Jio Infocomm Limited 4.76% CRISIL AAA,CRISIL AAA (SO)

Vodafone Mobile Services Ltd 4.08% IND AAAHousing Development Finance Corporation Limited 3.92% CRISIL AAA,ICRA A1+Dewan Housing Finance Corporation Limited 3.45% CARE AAAShriram Transport Finance Company Limited 2.89% CRISIL AA+,IND AA+Tata Power Company Limited 2.73% ICRA AABirla Sun Life Mutual Fund 2.72%


56.94%

16.80%

14.33%

5.03%

4.18% 2.72%

AAA AA

Sovereign Cash & Current Assets

Below AA Unrated



Date of Inception: Nov 27, 2001

NAV Per Unit. *

(`)

Birla SunLife Savings

Fund (%)



(%)


BirlaSun LifeSavingsFund (`)








Declared on date 11-Feb-11 28-Jan-11 31-Dec-10Dividend Yield (Regular Plan) 0.34% 0.45% 0.51%Dividend (`) Per Unit 0.0350 0.0469 0.0529Cum Dividend NAV 10.2848 10.3108 10.3105

Note: The NAV of the scheme, pursuant to pay out of dividend would fall to the extent of the payout and statutory levy (if applicable). Past performance may or may not be sustained in future.The Face Value - 10.00 Per UnitThe Financial Solution(s) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns.For more details on dividends declared please refer to the online empower on www.mutualfund.birlasunlife.com



64.94%13.47%

13.13%

8.48%-0.02%

AAA Cash & Current Assets

AA Sovereign

Unrated

A fund that aims to generate income by investing substantially into floating rate debt/ money market instruments.

The primary objective of the schemes is to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments. The schemes may invest a portion of its net assets in fixed rate debt securities and money market instruments.

Fund Manager: Mr. Prasad Dhonde & Mr. Kaustubh GuptaManaging Fund Since: July 15, 2011 & June 20, 2014Total Experience: 16 years & 9 yearsDate of Allotment: June 05, 2003Type of Scheme: An Open-ended Income SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)^Retail Plan Growth : 285.9011Weekly Dividend: 100.2287Regular Plan$ Growth : 197.6703Daily Dividend: 100.8204Weekly Dividend: 100.2287Direct Plan$ Growth : 199.4973Daily Dividend: 100.3918Weekly Dividend: 100.2312^The Face Value per unit of all the plans/ options under Birla Sun Life Floating Rate Fund – Long Term Plan has been changed from ̀ .10/- to ̀ .100/- effective from October 07, 2011Benchmark: CRISIL Liquid Fund IndexMonthly Average AUM: ` 7974.63 CroresAUM as on last day: ` 8194.95 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterModified Duration: 1.35 yearsAverage Maturity: 1.56 yearsYield to Maturity: 7.07%Expense Ratio:Regular 0.28Direct 0.13

Birla Sun Life Floating Rate Fund - Long Term PlanAn Open-ended Income Scheme




National Bank For Agriculture and Rural Development 7.74% CRISIL A1+,CRISIL AAA

Rural Electrification Corporation Limited 7.16% CRISIL AAA


Shriram Transport Finance Company Limited 5.11% CRISIL AA+,IND AA+

Vodafone Mobile Services Ltd 4.97% CRISIL A1+,IND AAA

LIC Housing Finance Limited 4.11% CARE AAA,CRISIL AAA

Small Industries Dev Bank of India 3.24% CARE AAA

Kotak Mahindra Prime Ltd 2.77% CRISIL AAA





NAV Per Unit. *

(`)

Birla SunLife FloatingRate Fund -Long TermPlan (%)

CRISIL Liquid Fund

Index # (%)


(%)


BirlaSun LifeFloating

Rate Fund- Long

Term Plan (`)



(`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 5. Total Schemes managed by Mr. Prasad Dhonde is 21. Total Schemes managed by Mr. Kaustubh Gupta is 79. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers.$‘These Plan/Options continue for fresh subscriptions under the scheme. ‘Direct Plan’ is only for investors who purchase / subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

7

A fund that aims to generate income by investing in equity and equity related instruments and take advantage of the price differentials or mis-pricing prevailing in a stock or index.

An Open ended Equity Scheme with an investment objective to generate income by investing predominantly in equity and equity related instruments. Scheme intends to take advantage from the price differentials / mis-pricing prevailing for stock / index in various market segments (Cash & Futures).

Fund Manager: Mr. Lovelish SolankiManaging Fund Since: December 15, 2014Total Experience: 7 yearsDate of Allotment: July 24, 2009Type of Scheme: An Open-ended Equity SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth : 16.8045Dividend: 10.8354Direct Plan$ Growth: 17.1547Dividend: 11.0331Benchmark: CRISIL Liquid Fund IndexMonthly Average AUM: ` 2291.90 CroresAUM as on last day: ` 2413.11 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch out of units within 30 days from the date of allotment: 0.50% of applicable NAV. For redemption/switch out of units after 30 days from the date of allotment: Nil **Exit Load is NIL for units issued in Dividend Reinvestment.(w.e.f. August 03, 2015)Other ParameterPortfolio Turnover: 10.96Expense Ratio:Regular 0.91Direct 0.26

Birla Sun Life Enhanced Arbitrage FundAn Open-ended Equity Scheme


RBL Bank Limited 7.25%

Yes Bank Limited 5.30%

Indiabulls Housing Finance Ltd 3.56%

Reliance Industries Ltd 3.39%

ITC Ltd 3.17%

Housing Development Finance Corporation Limited 3.14% ICRA A1+

LIC Housing Finance Limited 3.14% CRISIL AAA

IDFC Bank Limited 2.92% ICRA AAA

Maruti Suzuki India Ltd 2.47%

Housing Development Finance Corporation Ltd 2.29%




Date of Inception: July 24, 2009

NAV Per Unit. *

(`)

BirlaSun Life

EnhancedArbitrageFund (%)

CRISIL Liquid Fund

Index # (%)

S&P BSESENSEX ##

(%)


BirlaSun Life

EnhancedArbitrageFund (`)

CRISILLiquid

Fund Index # (`)

S&P BSESENSEX ## (`)



December 31, 2014 toDecember 31, 2015 (Absolute) 14.5425 7.60 8.23 -5.03 10760 10823 9497


# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Lovelish Solanki is 4. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers.$‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

2.26%2.78%

3.16%

3.35%

4.02%

6.38%

7.28%

7.62%

8.66%

11.40%

Cement

Ferrous Metals

Construction Project

Power

Petroleum Products

Pharmaceuticals

Consumer Non Durables

Auto

Banks

Finance



Declared on date 23-Feb-17 27-Jan-17 30-Dec-16Dividend Yield (Regular Plan) 0.23% 0.42% 0.46%Dividend (`) Per Unit 0.0255 0.045 0.05Cum Dividend NAV 10.8559 10.84 10.87Dividend Yield (Direct Plan) 0.50% 0.42% 0.45%Dividend (`) Per Unit 0.0550 0.046 0.05Cum Dividend NAV 11.0820 11.06 11.08


8

56.43%25.24%

10.52%

7.81% -0.003%

AAA SovereignAA Cash & Current AssetsUnrated

A moderate income scheme that invests in diversified portfolio of debt and money market instruments of short to medium term maturity which can offer superior levels of yields at relatively lower levels of risk.

An Open-ended income scheme with the objective to generate income and capital appreciation by investing 100% of the corpus in a diversified portfolio of debt and money market securities.

Fund Manager: Mr. Prasad DhondeManaging Fund Since: July 01, 2011Total Experience: 16 yearsDate of Allotment: March 3, 1997Type of Scheme: An Open-ended Income SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth : 61.8614Dividend: 11.5885Monthly Dividend: 11.7727Direct Plan$ Growth : 62.1257Dividend: 11.5729Monthly Dividend: 11.8025Benchmark: CRISIL Short Term Bond Fund Index (w.e.f May 27, 2013)Monthly Average AUM: ` 17449.71 CroresAUM as on last day: ` 17750.02 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterModified Duration: 2.17 yearsAverage Maturity: 2.63 yearsYield to Maturity: 7.24%Expense Ratio:Regular 0.30Direct 0.20

Birla Sun Life Short Term Fund(erstwhile Birla Sun Life Income Fund. Name changed w.e.f February 01, 2012)An Open-ended Income Scheme





Housing Development Finance Corporation Limited 7.75% CRISIL AAA

Reliance Jio Infocomm Limited 4.70% CRISIL AAA

Tata Capital Financial Services Ltd 3.97% CRISIL AA+,ICRA AA+

LIC Housing Finance Limited 3.82% CARE AAA,CRISIL AAA

Small Industries Dev Bank of India 3.37% CARE AAA

Rural Electrification Corporation Limited 3.12% CRISIL AAA





Date of Inception: March 3, 1997

NAV Per Unit. *

(`)

Birla SunLife Short

Term Fund (%)


CRISIL 10Year GiltIndex ##

(%)


Birla SunLife Short

Term Fund (`)



(`)Since inception till December 30, 2016 (CAGR) 10.0000 9.57 N/A N/A 61303 N/A N/A




# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown.Total Schemes managed by Mr. Prasad Dhonde is 21. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com



9

28.23%

28.12%26.86%

13.41%3.38%

-0.01%

AAA SovereignAA Cash & Current AssetsBelow AA Unrated

A scheme that focuses on enhancing the portfolio returns by identifying and selectively investing in mispriced credit opportunities in the market.

An Open ended Income scheme with the objective to generate regular income by investing primarily in investment grade fixed income securities / money market instruments with short to medium term maturities and across the credit spectrum within the universe of investment grade rating.

Fund Manager: Mr. Kaustubh Gupta & Ms. Sunaina Da CunhaManaging Fund Since: September 11, 2014 & July 15, 2011Total Experience: 9 years & 11 yearsDate of Allotment: May 09, 2003Type of Scheme: An Open-ended Income SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)^Regular Plan$ Growth : 26.9048Dividend: 17.2069Quarterly Dividend: 10.4296Direct Plan$ Growth : 27.5196Dividend: 17.5943Quarterly Dividend: 10.6989^The dividend options under the scheme have been renamed w.e.f July 02, 2012. Please refer addendum no. 28/2012 dated June 29, 2012 for further details.Benchmark: CRISIL AA Short Term Bond Fund Index (w.e.f May 27, 2013)Monthly Average AUM: ` 5617.05 CroresAUM as on last day: ` 5611.43 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment.Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 180 days from the date of allotment: 0.50% of applicable NAV. For redemption / switch-out of units after 180 days from the date of allotment: Nil (w.e.f October 10, 2016)**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterModified Duration: 3.04 yearsAverage Maturity: 4.15 yearsYield to Maturity: 7.58%Expense Ratio:Regular 1.34Direct 0.54

Birla Sun Life Short Term Opportunities FundAn Open-ended Income Scheme



Cholamandalam Investment and Finance Company Limited 8.09% ICRA AA

Reliance Ports and Terminals Ltd 6.48% CRISIL AAA



Tata Motors Finance Ltd 3.48% CRISIL AA

RKN Retail Pvt. Ltd 3.29% BWR A-(SO)

Dewan Housing Finance Corporation Limited 3.10% CARE AAA

Tata Motors Finance Solutions Ltd 2.72% CRISIL AA

Tata Power Company Limited 2.71% CARE AA





NAV Per Unit. *

(`)

Birla Sun LifeShort Term

OpportunitiesFund (%)

CRISILAA Short

Term BondFund Index

# (%)


(%)


Birla Sun LifeShort Term

OpportunitiesFund (`)

CRISIL AAShort TermBond FundIndex # (`)


(`)Since inception till December 30, 2016 (CAGR) 10.0000 7.52 8.88 5.91 26923 31966 21911







44.84%

36.27%

12.27%

6.62%

Sovereign AAA AA Cash & Current Assets

A fund that aims to provide the convenience of parking your savings with an opportunity to earn higher post-tax returns. (Investors are advised to consult their tax advisor in view of individual nature of tax benefits)

An Open-ended short term income scheme with the objective to generate income and capital appreciation by investing 100% of the corpus in a diversified portfolio of debt and money market securities with relatively low levels of interest rate risk.

Fund Manager: Mr. Kaustubh Gupta & Mr. Prasad DhondeManaging Fund Since: September 29, 2009Total Experience: 9 years & 16 yearsDate of Allotment: April 19, 2002Type of Scheme: An Open-ended Short Term Income SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)^Retail Plan Growth : 309.4107Monthly Dividend: 106.2997Quarterly Dividend: 108.7664Regular Plan$ Growth : 206.1159Monthly Dividend: 106.4381Quarterly Dividend: 106.0696Dividend: 139.5918Direct Plan$ Growth : 208.1883Monthly Dividend: 107.3978Quarterly Dividend: 106.8996Dividend: 140.8785^The Face Value per unit of all the plans/ options under Treasury Optimizer Plan has been changed from .̀10/- to .̀100/- effective from October 07, 2011Benchmark: CRISIL Short Term Bond Fund IndexMonthly Average AUM: ` 8690.92 CroresAUM as on last day: ` 8597.34 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterModified Duration: 4.03 yearsAverage Maturity: 5.94 yearsYield to Maturity: 7.52%Expense Ratio:Regular 0.64Direct 0.29

Birla Sun Life Treasury Optimizer Plan(erstwhile Birla Sun Life Ultra Short Term Fund) An Open-ended Short Term Income Scheme


Government of India 38.77% SOVState Government Securities 6.08% SOV

Reliance Jio Infocomm Limited 5.56% CRISIL AAA, CRISIL AAA (SO)

Indiabulls Housing Finance Limited 4.57% CARE AAADewan Housing Finance Corporation Limited 4.24% CARE AAATata Capital Financial Services Ltd 3.52% CRISIL AA+LIC Housing Finance Limited 3.02% CRISIL AAAFullerton India Credit Co Ltd 2.21% CARE AAA,ICRA A1+Cholamandalam Investment and Finance Company Limited 2.12% ICRA AAShriram Transport Finance Company Limited 1.88% CRISIL AA+




Date of Inception: April 19, 2002

NAV Per Unit. *

(`)

Birla SunLife Treasury

OptimizerPlan (%)



(%)


BirlaSun LifeTreasuryOptimizerPlan (`)



(`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 5. Total Schemes managed by Mr. Kaustubh Gupta is 79. Total Schemes managed by Mr. Prasad Dhonde is 21. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. ‘Direct Plan’ is only for investors who purchase / subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com



11

29.41%

25.91%21.00%

13.60%

4.69%2.57%

1.48%1.34%

Below AA SovereignAA AAAIND AAA(SO) Cash & Current AssetsIND AA+(SO) Unrated

An income scheme that aims to optimize returns by identifying mispriced credit opportunities in medium term securities in the market and then selectively investing in them.

The primary investment objective of the Scheme is to generate regular income through investments in debt & money market instruments in order to make regular dividend payments to unit holders & secondary objective is growth of capital.

Fund Manager: Mr. Maneesh DangiManaging Fund Since: September 01, 2014Total Experience: 15 yearsDate of Allotment: March 25, 2009Type of Scheme: An Open-ended Income SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan$ Growth : 20.2465Quarterly Dividend: 10.4545Half Yearly Dividend: 11.3179Dividend: 15.0084Institutional Plan Growth : 19.6561Direct Plan$ Growth : 20.7544Quarterly Dividend: 10.4829Half Yearly Dividend: 11.6805Dividend: 15.3804Benchmark: CRISIL AA Short Term Bond Fund Index (w.e.f May 27, 2013)Monthly Average AUM: ` 9819.24 CroresAUM as on last day: ` 9888.35 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment.Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 365 days from the date of allotment: 1.00% of applicable NAV. For redemption / switch-out of units after 365 days from the date of allotment: Nil. (w.e.f October 10, 2016.)**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterModified Duration: 3.67 yearsAverage Maturity: 5.52 yearsYield to Maturity: 8.88%Expense Ratio:Regular 1.69Direct 0.76

Birla Sun Life Medium Term PlanAn Open-ended Income Scheme



Piramal Finance Private Limited 5.41% ICRA AA

Adani Transmission Limited 4.96% IND AA+

Sansar Trust 4.75% CRISIL AAA (SO),IND AAA(SO)

Adani Power Limited 4.23% BWR AA-(SO)


RHC Holding Pvt Ltd 2.80% CARE A(SO)

S.D. Corporation Pvt. Ltd 2.77% ICRA AA(SO)


Relationships Properties Pvt Ltd 2.31% CARE AA-(SO)




Date of Inception: Mar 25, 2009

NAV Per Unit. *

(`)

Birla SunLife Medium

Term Plan (%)

CRISIL AAShort TermBond FundIndex # (%)


(%)


BirlaSun LifeMedium

Term Plan (`)







# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns.Total Schemes managed by Mr. Maneesh Dangi is 3. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. ‘Direct Plan’ is only for investors who purchase / subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

Declared on date 25-Mar-13Dividend Yield (Regular Plan) 7.28%Dividend (`) Per Unit 0.8000Cum Dividend NAV 10.9834Dividend Yield (Direct Plan) 7.28%Dividend (`) Per Unit 0.8000Cum Dividend NAV 10.9909




13

27.09%

26.90%

26.22%

11.63%

8.15%

AAA Below AA

AA Cash & Current Assets

Unrated

An income scheme that intends to generate returns by investing in corporate debt securities with short to medium term maturities across the credit curve and would endeavour to take benefit from mispriced credit opportunities.

The investment objective of the Scheme is to generate returns by predominantly investing in a portfolio of corporate debt securities with short to medium term maturities across the credit spectrum within the investment grade. The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.

Fund Manager: Mr. Maneesh DangiManaging Fund Since: Since InceptionTotal Experience: 15 yearsDate of Allotment: April 17, 2015Type of Scheme: An Open ended Income SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan$ Growth : 11.8411Dividend: 11.3712Bonus: 11.8554Direct Plan$ Growth : 12.0223Dividend: 11.5511Bonus: 12.0222Benchmark: CRISIL AA Short Term Bond Fund IndexMonthly Average AUM: ` 1637.64 CroresAUM as on last day: ` 1615.14 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch out of units within 365 days from the date of allotment: 2.00% of applicable NAV. For redemption/switch out of units after 365 days but before 730 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 730 days from the date of allotment: Nil.**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterModified Duration: 2.16 yearsAverage Maturity: 2.72 yearsYield to Maturity: 8.79%Expense Ratio:Regular 1.98Direct 0.93

Birla Sun Life Corporate Bond FundAn Open ended Income Scheme


S.D. Corporation Pvt. Ltd 5.66% ICRA AA(SO),ICRA AA+(SO)

Adani Transmission Limited 5.13% IND AA+

Birla Sun Life Mutual Fund 4.44%

Tata Capital Financial Services Ltd 4.15% CRISIL AA+

Systemtrac Traders Private Limited 3.86% ICRA AA-(SO)

Wadhawan Global Capital Pvt Ltd 3.85% CARE AAA(SO)



High Point Properties Private Limited 3.00% ICRA AA(SO)

Writers & Publishers Pvt Ltd 2.98% BWR AA-(SO)




Date of Inception: Apr 17, 2015

NAV Per Unit. *

(`)

BirlaSun Life

CorporateBond Fund (%)

CRISIL AAShort TermBond FundIndex # (%)

Crisil 10Year GiltIndex ##

(%)


BirlaSun Life

CorporateBond

Fund (`)


Crisil 10Year GiltIndex ##

(`)



# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns.Total Schemes managed by Mr. Maneesh Dangi is 3. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. ‘Direct Plan’ is only for investors who purchase / subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

Declared on date 30-Dec-16 30-Sep-16Dividend Yield (Regular Plan) 1.45% 1.45%Dividend (`) Per Unit 0.1661 0.1661Cum Dividend NAV 11.4789 11.4749Dividend Yield (Direct Plan) 1.43% 1.43%Dividend (`) Per Unit 0.1661 0.1661Cum Dividend NAV 11.6371 11.6065


66.69%17.35%

8.01%

4.15%

3.48%0.34%

-0.02%

Sovereign AAAAA Below AACash & Current Assets IND AAA(SO)Unrated

An income solution that aims to generate optimal returns through active management by capturing positive price and credit spread movements.

An Open-ended income scheme with the objective to generate optimal returns with high liquidity through active management of the portfolio by investing in high quality debt and money market instruments.

Fund Manager: Mr. Maneesh DangiManaging Fund Since: September 12, 2007Total Experience: 15 yearsDate of Allotment: September 27, 2004Type of Scheme: An Open-ended Income SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)^Regular Plan Growth : 28.6232Monthly Dividend: 10.9685Quarterly Dividend: 10.5253Dividend: 12.4351Direct Plan$ Growth : 29.2787Monthly Dividend: 11.1124Quarterly Dividend: 10.8004Dividend: 12.6228 ^The dividend option under the scheme have been introduced w.e.f October 29 2014. Please refer addendum no 44/2014 dated October 12, 2014 for further details.Benchmark: CRISIL Short Term Bond Fund Index (w.e.f 27 May, 2013)Monthly Average AUM: ` 15257.35 CroresAUM as on last day: ` 15043.39 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment.Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 90 days from the date of allotment: 0.50% of applicable NAV. For redemption / switch-out of units after 90 days from the date of allotment: Nil (w.e.f October 10, 2016)**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterModified Duration: 7.67 yearsAverage Maturity: 17.54 yearsYield to Maturity: 7.89%Expense Ratio:Regular 1.49Direct 0.82

Birla Sun Life Dynamic Bond FundAn Open-ended Income Scheme




Shriram Transport Finance Company Limited 3.37% CRISIL AA+


Tata Motors Finance Ltd 2.56% CRISIL AA


Edelweiss Commodities Services Ltd 2.07% ICRA AA


JM Financial Credit Solution Limited 1.24% ICRA AA

Sansar Trust 1.24% CRISIL AAA (SO),IND AAA(SO)




Date of Inception: Sept 27, 2004

NAV Per Unit. *

(`)

Birla SunLife Dynamic

Bond Fund (%)



(%)


BirlaSun LifeDynamic

Bond Fund (`)







# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Maneesh Dangi is 3. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com





A fund that invests in a combination of bonds and Government securities of varying maturities from time to time with an aim to optimize returns.

An Open-ended Income Scheme to generate consistent income through superior yields on its investments at moderate levels of risk through a diversified investment approach. This income may be complemented by price changes of instruments in the portfolio.

Fund Manager: Mr. Prasad DhondeManaging Fund Since: January 11, 2010Total Experience: 16 yearsDate of Allotment: October 21, 1995Type of Scheme: An Open-ended Income SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)^Regular Plan Growth : 72.1302Quarterly Dividend: 12.9804Dividend: 11.4670Direct Plan$ Growth : 74.2956Quarterly Dividend: 13.4528Dividend: 11.6698^The dividend option under the scheme have been renamed w.e.f December 26, 2014. Please refer addendum no, 59/2014 dated December 17, 2014 for further details.Benchmark: CRISIL Composite Bond Fund IndexMonthly Average AUM: ` 2185.89 CroresAUM as on last day: ` 2121.07 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterModified Duration: 7.97 yearsAverage Maturity: 14.90 yearsYield to Maturity: 7.53%Expense Ratio:Regular 1.70Direct 0.88

77.91%

19.67%

2.39% 0.03%

Sovereign AAA Cash & Current Assets Unrated

Birla Sun Life Income PlusAn Open-ended Income Scheme


6.79% GOI (MD 26/12/2029) 29.23% SOV

8.17% GOI (MD 01/12/2044) 16.80% SOV

7.73% GOI (MD 19/12/2034) 14.19% SOV

7.59% GOI(MD 11/01/2026) 13.23% SOV

Bajaj Finance Limited 5.62% CARE AAA

Reliance Ports and Terminals Ltd 4.79% CRISIL AAA

NTPC Limited 4.54% CRISIL AAA

Essel Lucknow Raebareli Toll Roads Limited 4.01% CARE AAA(SO)

9.23% GOI (MD 23/12/2043) 3.62% SOV





Date of Inception: Oct 21, 1995

NAV Per Unit. *

(`)

Birla SunLife Income

Plus (%)

CRISILCompositeBond FundIndex # (%)


(%)


BirlaSun LifeIncomePlus (`)

CRISILCompositeBond FundIndex # (`)






# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Prasad Dhonde is 21. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

15


A fund that aims to generate income and capital appreciation by investing exclusively in Government Securities.

The investment objective of the scheme is to enable investors to invest in Central Government Securities, based on their own view on the interest rate scenario & generate credit risk-free returns.

Fund Manager: Mr. Prasad Dhonde & Mr. Kaustubh GuptaManaging Fund Since: July 01, 2011 & June 20, 2014Total Experience: 16 years & 9 yearsDate of Allotment: October 12, 1999Type of Scheme: An Open-ended Government Securities SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth : 48.9605Quarterly Dividend: 12.5355Direct Plan$ Growth: 49.2673Quarterly Dividend: 11.0376Benchmark: I-Sec LI-BEXMonthly Average AUM: ` 34.55 CroresAUM as on last day: ` 34.41 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: Nil **Exit Load is NIL for units issued in Dividend Reinvestment.

Other ParameterModified Duration: 5.94 yearsAverage Maturity: 8.48 yearsYield to Maturity: 6.86%Expense Ratio:Regular 0.47Direct 0.27

89.33%

10.67%


Birla Sun Life Constant Maturity 10 Year Gilt Fund(erstwhile Birla Sun Life Gilt Plus – Regular Plan. Name changed w.e.f August 06, 2015)An Open-ended Government Securities Scheme


6.97% GOI (MD 06/09/2026) 87.78% SOV

8.40% GOI (MD 28/07/2024) 1.56% SOV

Cash & Current Assets 10.67%

Top Portfolio Holdings



NAV Per Unit. *

(`)

Birla SunLife ConstantMaturity 10

Year Gilt Fund (%)

I-Sec LI-BEX # (%)

CRISIL 10Year

Gilt Index ## (%)


BirlaSun LifeConstant

Maturity 10Year GiltFund (`)

I-Sec LI-BEX # (`)

CRISIL 10Year

Gilt Index ## (`)

Since inception till December 30, 2016 (CAGR) 10.0000 9.73 N/A N/A 49555 N/A N/A




# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 5. Total Schemes managed by Mr. Prasad Dhonde is 21. Total Schemes managed by Mr. Kaustubh Gupta is 79. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com



A fund that aims to generate current income consistent with the portfolio invested exclusively in Government Securities.

An Open-ended Gilt scheme with the objective to provide investors current income consistent with a portfolio invested 100% in securities issued by the Government of India or the State Governments, and the secondary objective is capital appreciation.

Fund Manager: Mr. Prasad Dhonde & Mr. Kaustubh GuptaManaging Fund Since: October 03, 2012 & June 20, 2014Total Experience: 16 years & 9 yearsDate of Allotment: October 28, 1999Type of Scheme: An Open-ended Gilt Scheme

Application Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)^Regular Plan Growth : 48.1393Half Yearly Dividend: 10.7935Dividend: 11.9290Direct Plan$ Growth: 49.1971Half Yearly Dividend: 11.3747Dividend: 12.2280^The dividend option under the scheme have been renamed w.e.f December 26, 2014. Please refer addendum no, 59/2014 dated December 17, 2014 for further details.Benchmark: I-Sec LI-BEXMonthly Average AUM: ` 695.14 CroresAUM as on last day: ` 658.22 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterModified Duration: 6.93 yearsAverage Maturity: 13.14 yearsYield to Maturity: 7.05%Expense Ratio:Regular 1.38Direct 0.78

87.53%

12.33%0.14%

Sovereign Cash & Current Assets Unrated

Birla Sun Life Government Securities Fund - Long Term PlanAn Open-ended Gilt Scheme


6.79% GOI (MD 26/12/2029) 48.47% SOV

8.17% GOI (MD 01/12/2044) 16.67% SOV

8.60% GOI (MD 02/06/2028) 11.54% SOV

7.73% GOI (MD 19/12/2034) 10.85% SOV

6.28% Pay Fix & Rec Mibor (30/12/21) ICICIBK 0.13%

6.58% Pay Fix & Rec Mibor (06/04/21) ICICISEC 0.01%

6.38% Pay Fix & Rec Mibor (01/08/19) HSBCBK 0.005%

6.3825% Pay Fix & Rec Mibor (01/08/19) HDFCBK 0.002%

8.30% GOI (MD 02/07/2040) 0.0005% SOV






NAV Per Unit. *

(`)

BirlaSun Life

GovernmentSecurities

Fund - LongTerm Plan (%)

I-Sec LI-BEX # (%)


(%)


BirlaSun Life

GovernmentSecurities

Fund - LongTerm Plan (`)

I-Sec LI-BEX # (`)


(`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 5. Total Schemes managed by Mr. Prasad Dhonde is 21. Total Schemes managed by Mr. Kaustubh Gupta is 79. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers.$‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

17

A fund that aims to generate income and capital appreciation by investing exclusively in Government Securities.

An Open - ended government securities scheme with the objective to generate income and capital appreciation through investments exclusively in Government Securities.

Fund Manager: Mr. Prasad Dhonde & Mr. Kaustubh GuptaManaging Fund Since: July 01, 2011 & June 20, 2014Total Experience: 16 years & 9 yearsDate of Allotment: October 12, 1999Type of Scheme: An Open-ended Government Securities SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth : 45.1157Quarterly Dividend: 10.3303Direct Plan$ Growth: 46.0518Quarterly Dividend: 10.4067Benchmark: I-Sec LI-BEXMonthly Average AUM: ` 77.70 CroresAUM as on last day: ` 76.30 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption / switch-out of units within 90 days from the date of allotment: 0.50% of applicable NAV. For redemption /switch-out of units after 90 days from the date of allotment: Nil.**Exit Load is NIL for units issued in Dividend ReinvestmentOther ParameterModified Duration: 7.88 yearsAverage Maturity: 14.07 yearsYield to Maturity: 7.23%Expense Ratio:Regular 1.39Direct 0.89

88.25%

11.75%


Birla Sun Life Gilt Plus - PF PlanAn Open-ended Government Securities Scheme


6.79% GOI (MD 26/12/2029) 60.94% SOV

8.17% GOI (MD 01/12/2044) 13.94% SOV

7.73% GOI (MD 19/12/2034) 13.37% SOV






NAV Per Unit. *

(`)

Birla Sun LifeGilt Plus- PF

Plan (%)

I-Sec LI-BEX # (%)

CRISIL 10Year

Gilt Index ## (%)


Birla SunLife GiltPlus- PFPlan (`)

I-Sec LI-BEX # (`)

CRISIL 10Year

Gilt Index ## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown.Total Schemes Co-Managed by Fund Managers is 5. Total Schemes managed by Mr. Prasad Dhonde is 21. Total Schemes managed by Mr. Kaustubh Gupta is 79. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers.$‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com



An open ended fund-of-funds Scheme that invests in debt funds having diverse investment styles. These funds are selected using the BSLAMC process. It is actively managed to capture duration and credit opportunities.

The primary objective of the Scheme is to generate returns from a portfolio of pure debt oriented funds accessed through the diverse investment styles of underlying schemes selected in accordance with the BSLAMC process. There can be no assurance that the investment objective of the Scheme will be realized.

Fund Manager: Mr. Shravan SreenivasulaManaging Fund Since: December 15, 2014Total Experience: 14 yearsDate of Allotment: December 29, 2006Type of Scheme: An Open ended Fund of Funds SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular PlanGrowth: 22.3016Dividend: 13.9847Direct Plan$ Growth: 22.7069Dividend: 14.2252Benchmark: CRISIL Composite Bond Fund IndexMonthly Average AUM: ` 84.28 CroresAUM as on last day: ` 84.00 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterExpense Ratio:Regular 1.11Direct 0.61

Birla Sun Life Active Debt Multi Manager FoF Scheme(erstwhile ING Active Debt Multi Manager FoF Scheme . Name changed w.e.f October 11, 2014)An Open ended Fund of Funds Scheme

Issuer % to net Assets

Birla Sun Life Short Term Fund Grwth - Direct Plan 46.50%

IDFC Dynamic Bond Fund-Direct Plan-Growth 31.25%

Birla Sun Life MediumTerm Plan -Gr - Direct Plan 21.24%


Net receivables / payables -0.14%


Declared on date 25-Sep-14 25-Jun-14 20-Mar-14Dividend Yield (Regular Plan) 1.40% 0.28% 0.58%Dividend (`) Per Unit 0.1559 0.0312 0.0623Cum Dividend NAV 11.1669 11.0097 10.7957


19

Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers 1800-270-7000 / 1800-22-7000 or from any of our Investor Service Centers. “The investors are bearing the recurring expenses of the scheme, in addition to the expenses of other schemes in which the Fund of Funds Scheme makes investments.”


Date of Inception: Dec 29, 2006

NAV Per Unit. *

(`)

Birla SunLife ActiveDebt Multi

Manager FoFScheme (%)

CRISILCompositeBond FundIndex # (%)


(%)


Birla SunLife ActiveDebt MultiManager

FoFScheme (`)

CRISILCompositeBond FundIndex # (`)


(`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Shravan Sreenivasula is 6. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

-0.14%

1.15%

98.98%

Net receivables / payables

Cash & Current Assets

Mutual Fund Units

An open ended fund-of-funds Scheme following the financial planning discipline with exposure to equity, debt and gold funds. It is suitable for investors with conservative risk profile. It aims to provide income through limited exposure to equity. (Please consult your financial advisor for your risk profile)

Fund Manager: Mr. Shravan SreenivasulaManaging Fund Since: December 15, 2014Total Experience: 14 yearsDate of Allotment: May 09, 2011Type of Scheme: An Open ended Fund of Funds SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 16.1945Dividend: 14.7354Direct Plan$ Growth: 16.5402Dividend: 11.2217Benchmark: 20% Nifty 50 + 44% CRISILLiquid Fund index + 24% CRISIL Composite Bond Fund index + 12% INR price of GoldMonthly Average AUM: ` 5.32 CroresAUM as on last day: ` 5.26 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/ switchoutof units within and including 1 year from the date of allotment: 1% of applicable NAV. For redemption/ switch-out of units after 1 year from the date of allotment: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterExpense Ratio:Regular 1.25Direct 0.72

Birla Sun Life Financial Planning FOF - Conservative Plan(erstwhile ING Financial Planning Fund - Conservative Plan. Name changed w.e.f October 11, 2014)An Open ended Fund of Funds Scheme


Birla Sun Life Cash Plus - Growth - Direct Plan 42.11%Birla Sun Life MediumTerm Plan -Gr - Direct Plan 14.89%IDFC Dynamic Bond Fund-Direct Plan-Growth 7.03%Kotak MF Gold ETF 6.32%MOSt Focused Multicap 35-Direct Plan-Growth Option 5.95%R*Shares Gold BeES 5.71%Birla Sun Life Advantage Fund - Gr - Dir Pl 5.31%Birla Sun Life Frontline Eq Fd - Gr - Direct Plan 4.62%SBI Blue Chip Fund-Direct Plan -Growth 2.52%Mirae Asset India Opp'ties Fund-Direct Plan-Growth 1.50%


Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers 1800-270-7000 / 1800-22-7000 or from any of our Investor Service Centers.“The investors are bearing the recurring expenses of the scheme, in addition to the expenses of other schemes in which the Fund of Funds Scheme makes investments.”

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).Where Benchmark returns are not available, they have not been shown. Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered.

The Scheme aims to generate returns by investing in mutual fund schemes selected in accordance with the BSLAMC process, as per the risk-return profile of investors. Each of the 3 plans under the Scheme has a strategic asset allocation which is based on satisfying the needs to a specific risk-return profile of investors. There can be no assurance that the investment objective of the Scheme will be realized.

0.42%

2.28%

12.03%

85.27%



Exchange Traded Fund

Mutual Fund Units

Investment Performance - Regular Plan - Growth NAV as on December 30, 2016: ` 15.6962Date of Inception: May 09, 2011

NAV Per Unit. *

(`)

BirlaSun LifeFinancialPlanning

FOFConservative

Plan (%)

20% Nifty50 + 44%

CRISILLiquid Fundindex + 24%

CRISILCompositeBond Fund

index +12% INRprice of

Gold # (%)

CRISIL10

YearGilt

Index ## (%)

S&PBSE

SENSEX ## (%)

Value of Standard Investment of ` 10000 inBirla Sun

Life FinancialPlanning

FOFConservative

Plan (`)

20% Nifty 50 +

44% CRISILLiquid Fundindex + 24%


index +12% INR priceof Gold # (`)

CRISIL10

YearGilt

Index ## (`)

S&PBSE

SENSEX ## (`)

Since inception till December 30, 2016 (CAGR) 10.0000 8.31 8.03 8.50 6.63 15696 15468 15852 14370December 31, 2015 to December 30, 2016 (Absolute) 14.5192 8.11 8.34 14.97 1.95 10811 10834 11497 10195December 31, 2014 toDecember 31, 2015 (Absolute) 13.8776 4.62 3.98 7.39 -5.03 10462 10398 10739 9497December 31, 2013 toDecember 31, 2014 (Absolute) 12.0144 15.51 13.33 14.14 29.89 11551 11333 11414 12989# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Shravan Sreenivasula is 6. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 680000 600000 360000 120000Market Value of amount Invested 859560 736778 402037 123531Scheme Returns (CAGR) 8.19 8.15 7.31 5.5220% Nifty 50 + 44% CRISIL Liquid Fund index + 24% CRISIL Composite Bond Fund index + 12% INR price of Gold returns# (CAGR)

7.68 7.58 6.89 5.75

CRISIL 10 Year Gilt Index returns# (CAGR) 9.87 10.21 12.60 15.90S&P BSE SENSEX returns## (CAGR) 7.23 6.97 1.68 1.10

Date of First Installment: June 01, 2011 & Scheme Inception Date: May 09, 2011 . Past Performance may or may not be sustained in future.



An open ended fund-of-funds Scheme following the financial planning discipline with exposure to equity, debt and gold funds. It is suitable for investors with prudent riskprofile. It aims to provide long term capital appreciation. (Please consult your financial advisor for your risk profile)


SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 17.3615Dividend: 15.5715Direct Plan$ Growth: 17.7061Dividend: 16.0392Benchmark: 40% Nifty 50 + 30% CRISILLiquid Fund index + 20% CRISIL Composite Bond Fund index + 10% INR price of GoldMonthly Average AUM: ` 17.32 CroresAUM as on last day: ` 17.30 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch outof units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterExpense Ratio:Regular 1.34Direct 0.81

Birla Sun Life Financial Planning FOF - Prudent Plan(erstwhile ING Financial Planning Fund - Prudent Plan. Name changed w.e.f October 11, 2014)An Open ended Fund of Funds Scheme


Birla Sun Life Cash Plus - Growth - Direct Plan 25.79%Birla Sun Life MediumTerm Plan -Gr - Direct Plan 12.18%MOSt Focused Multicap 35-Direct Plan-Growth Option 10.12%Birla Sun Life Advantage Fund - Gr - Dir Pl 8.87%Birla Sun Life Frontline Eq Fd - Gr - Direct Plan 8.31%Mirae Asset India Opp'ties Fund-Direct Plan-Growth 6.64%SBI Blue Chip Fund-Direct Plan -Growth 6.04%IDFC Dynamic Bond Fund-Direct Plan-Growth 5.43%Birla Sun Life Short Term Fund Grwth - Direct Plan 4.98%R*Shares Gold BeES 4.67%





1.80%

0.87%

8.98%

88.36%




Mutual Fund Units


NAV Per Unit. *

(`)


FOF Prudent

(%)

40% Nifty50 + 30%




Gold # (%)

CRISIL10

YearGilt

Index ## (%)

S&PBSE

SENSEX ## (%)



FOFPrudentPlan (`)

40% Nifty50 + 30%




Gold # (`)

CRISIL10

YearGilt

Index ## (`)

S&PBSE

SENSEX ## (`)

Since inception till December 30, 2016 (CAGR) 10.0000 9.29 7.79 8.50 6.63 16516 15275 15852 14370December 31, 2015 to December 30, 2016 (Absolute) 15.3410 7.66 7.15 14.97 1.95 10766 10715 11497 10195December 31, 2014 toDecember 31, 2015 (Absolute) 14.7146 4.26 1.70 7.39 -5.03 10426 10170 10739 9497December 31, 2013 toDecember 31, 2014 (Absolute) 11.8685 23.98 17.63 14.14 29.89 12398 11763 11414 12989# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Shravan Sreenivasula is 6. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 680000 600000 360000 120000Market Value of amount Invested 897323 766312 405197 123268Scheme Returns (CAGR) 9.70 9.73 7.84 5.1140% Nifty 50 Index + 30% CRISIL Liquid Fund Index +20% CRISILComposite Bond Fund Index + 10% INR price of Gold returns# (CAGR)

7.64 7.50 5.82 4.66

CRISIL 10 Year Gilt Index returns# (CAGR) 9.87 10.21 12.60 15.90S&P BSE SENSEX returns## (CAGR) 7.23 6.97 1.68 1.10

Date of First Installment: June 01, 2011 & Scheme Inception Date: May 09, 2011 . Past Performance may or may not be sustained in future.

21

A fund that seeks to provide you regular income with an opportunity to grow your money through fixed income investments and a limited exposure to the equity markets.

An Open-ended income scheme with the objective to generate regular income so as to make monthly payment or distribution to unit holders with the secondary objective being growth of capital. Monthly Income is not assured and is subject to availability of distributable surplus.

Fund Manager: Mr. Satyabrata Mohanty, Mr. Pranay Sinha & Mr. Vineet MalooManaging Fund Since: June 18, 2009, August 26, 2015 & August 26, 2015 respectivelyTotal Experience: 16 years, 10 years & 11 years respectivelyDate of Allotment: May 22, 2004Type of Scheme: An Open-ended Income SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth : 31.0168Monthly Dividend: 13.1237Direct Plan$ Growth : 31.5553Monthly Dividend: 13.8096Benchmark: CRISIL MIP Blended IndexMonthly Average AUM: ` 292.34 CroresAUM as on last day: ` 292.71 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch out of units within 540 days from the date of allotment: 1.00% of the applicable NAV.For redemption/switch out of units after 540 days from the date of allotment: Nil.**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterModified Duration: 6.53 yearsAverage Maturity: 12.25 yearsYield to Maturity: 7.82% (for Debt Component)Portfolio Turnover: 1.28(for Equity Component)Expense Ratio:Regular 1.34Direct 0.61

65.88%

9.74%

8.63%

7.65%6.99% 1.11%

Sovereign Equity

Below AA Cash & Current Assets

AAA AA

Birla Sun Life MIP II - Savings 5 Plan(Monthly income is not assured and is subject to availability of distributable surplus.)An Open-ended Income Scheme



IDBI Bank Limited 8.63% CRISIL A,ICRA A



Yes Bank Limited 1.11% ICRA AA+

Eicher Motors Limited 0.74%

Repco Home Finance Limited 0.71%

V-Mart Retail Limited 0.65%

HDFC Bank Limited 0.62%

Hindustan Zinc Limited 0.55%





NAV Per Unit. *

(`)

Birla SunLife MIP

II - Savings 5Plan (%)

CRISIL MIPBlended

Index # (%)


(%)


Birla SunLife MIP

II - Savings 5Plan (`)

CRISIL MIPBlended

Index # (`)






# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns.Performance of scheme may or may not be strictly comparable with that of its additional benchmark in view of hybrid nature of scheme. Total Schemes Co-Managed by Fund Managers is 2. Total Schemes managed by Mr. Satyabrata Mohanty is 12. Total Schemes managed by Mr. Pranay Sinha is 6. Total Schemes managed by Mr. Vineet Maloo is 16. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com



23


The primary objective of the scheme is to generate regular income so as to make monthly distributions to unit holders with the secondary objective being growth of capital. Income may be generated through the receipt of coupon payments, the amortization of the discount on debt instruments, receipt of dividends or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions, invest its net assets primarily in fixed income securities, money market instruments, cash and cash equivalents while at the same time maintaining a small exposure to equity markets. (Monthly income is not assured and is subject to availability of distributable surplus.)

Fund Manager: Mr. Vineet Maloo & Mr. Pranay SinhaManaging Fund Since: August 26, 2015Total Experience: 11 years & 10 yearsDate of Allotment: November 20, 2000Type of Scheme: An Open-ended Income SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth : 43.4354Monthly Dividend: 12.2807Direct Plan$ Growth : 44.4310Monthly Dividend: 13.6442Benchmark: CRISIL MIP Blended IndexMonthly Average AUM: ` 104.51 CroresAUM as on last day: ` 103.53 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch out of units within 1095 days from the date of allotment: 1.00% of the applicable NAV. For redemption/switch out of units after 1095 days from the date of allotment: Nil.**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterModified Duration: 5.10 yearsAverage Maturity: 14.27 yearsYield to Maturity: 7.93% (for Debt Component)Portfolio Turnover: 1.10(for Equity Component)Expense Ratio:Regular 2.43Direct 1.69

48.79%

26.04%

15.20%

7.48%2.50%

Sovereign Cash & Current AssetsEquity Below AAAAA

Birla Sun Life MIP(Monthly income is not assured and is subject to availability of distributable surplus.) An Open-ended Income Scheme



IDBI Bank Limited 7.48% CRISIL A







Bajaj Finance Limited 0.86%

Equitas Holdings Limited 0.84%





NAV Per Unit. *

(`)

Birla SunLife MIP (%)

CRISIL MIPBlended

Index # (%)


(%)


Birla SunLife MIP (`)

CRISIL MIPBlended

Index # (`)






# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Performance of scheme may or may not be strictly comparable with that of its additional benchmark in view of hybrid nature of scheme. Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Vineet Maloo is 16. Total Schemes managed by Mr. Pranay Sinha is 6. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com






An Open-ended income scheme with the primary investment objective to generate regular income so as to make monthly and quarterly distributions to Unit holders and the secondary objective as growth of capital. Monthly income is not assured and is subject to availability of distributable surplus.

Fund Manager: Mr. Vineet Maloo & Mr. Pranay SinhaManaging Fund Since: August 26, 2015Total Experience: 11 years & 10 yearsDate of Allotment: July 14, 1999Type of Scheme: An Open-ended Income SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth : 61.3372Dividend: 12.6169Quarterly Dividend: 12.4414Direct Plan$ Growth : 63.1079Dividend: 13.7017Quarterly Dividend: 13.0240Benchmark: CRISIL MIP Blended IndexMonthly Average AUM: ` 262.16 CroresAUM as on last day: ` 260.21 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch out of units within 540 days from the date of allotment: 1.00% of the applicable NAV.For redemption/switch out of units after 540 days from the date of allotment: Nil.**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterModified Duration: 6.30 yearsAverage Maturity: 10.80 yearsYield to Maturity: 7.56% (for Debt Component)Portfolio Turnover: 1.17(for Equity Component)Expense Ratio:Regular 2.35Direct 1.55

67.43%

14.84%

8.34%

6.41% 2.98%

Sovereign EquityAAA Cash & Current AssetsBelow AA

Birla Sun Life Monthly Income(Monthly income is not assured and is subject to availability of distributable surplus.)An Open-ended Income Scheme




IDBI Bank Limited 2.98% CRISIL A





Power Grid Corporation of India Limited 0.98% CRISIL AAA






Date of Inception: July 14, 1999

NAV Per Unit. *

(`)

Birla SunLife MonthlyIncome (%)

CRISIL MIPBlended

Index # (%)


(%)


BirlaSun LifeMonthly

Income (`)

CRISIL MIPBlended

Index # (`)






# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Performance of scheme may or may not be strictly comparable with that of its additional benchmark in view of hybrid nature of scheme. Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Vineet Maloo is 16. Total Schemes managed by Mr. Pranay Sinha is 6. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com



25


An Open-ended income scheme with the objective to generate regular income so as to make monthly payment or distribution to unit holders with the secondary objective being growth of capital. Monthly Income is not assured and is subject to availability of distributable surplus.

Fund Manager: Mr. Satyabrata Mohanty, Mr. Pranay Sinha & Mr. Vineet MalooManaging Fund Since: June 18, 2009, August 26, 2015 & August 26, 2015 respectivelyTotal Experience: 16 years, 10 years & 11 years respectivelyDate of Allotment: May 22, 2004Type of Scheme: An Open-ended Income SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth : 35.2444Monthly Dividend: 14.7641Direct Plan$ Growth : 36.4318Monthly Dividend: 19.4103Benchmark: CRISIL MIP Blended IndexMonthly Average AUM: ` 1581.36 CroresAUM as on last day: ` 1605.80 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment.Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 365 days from the date of allotment: 1.00% ofapplicable NAV. For redemption / switch-out of units after 365 daysfrom the date of allotment: Nil. (w.e.f October 10, 2016)**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterModified Duration: 5.85 yearsAverage Maturity: 10.58 yearsYield to Maturity: 7.55% (for Debt Component)Portfolio Turnover: 2.55(for Equity Component)Expense Ratio:Regular 2.19Direct 0.89

52.05%

29.38%

7.88%

6.18%4.00%

0.52%

Sovereign Equity

Cash & Current Assets AAA

Below AA AA

Birla Sun Life MIP II - Wealth 25 Plan(Monthly income is not assured and is subject to availability of distributable surplus.)An Open-ended Income Scheme





Yes Bank Limited 2.89% ICRA AA+


Hindustan Petroleum Corporation Limited 2.01%

Natco Pharma Limited 1.83%

Bharat Aluminium Co Ltd. 1.56% CRISIL A+


IDBI Bank Limited 1.15% CRISIL A,ICRA A,ICRA AA-





NAV Per Unit. *

(`)

Birla SunLife MIP II -Wealth 25Plan (%)

CRISIL MIPBlended

Index # (%)


(%)


Birla SunLife MIP II -Wealth 25Plan (`)

CRISIL MIPBlended

Index # (`)






# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Performance of scheme may or may not be strictly comparable with that of its additional benchmark in view of hybrid nature of scheme.Total Schemes Co-Managed by Fund Managers is 2. Total Schemes managed by Mr. Satyabrata Mohanty is 12. Total Schemes managed by Mr. Pranay Sinha is 6. Total Schemes managed by Mr. Vineet Maloo is 16. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

Declared on date 30-Sep-16 26-Aug-16 29-Jul-16Dividend Yield (Regular Plan) 0.47% 0.38% 0.45%Dividend (`) Per Unit 0.0713 0.0568 0.0669Cum Dividend NAV 15.0204 14.7764 14.7239Declared on date 29-Jul-16 24-Jun-16 27-May-16Dividend Yield (Direct Plan) 0.26% 0.16% 0.38%Dividend (`) Per Unit 0.0476 0.0277 0.0655Cum Dividend NAV 18.4088 17.2661 17.0510


Declared on date 27-Feb-17 27-Jan-17 30-Dec-16Dividend Yield (Regular Plan) 0.43% 0.37% 0.50%Dividend (`) Per Unit 0.0638 0.0555 0.0717Cum Dividend NAV 14.8418 14.9295 14.4254Declared on date 29-Jul-16 24-Jun-16 27-May-16Dividend Yield (Direct Plan) 0.26% 0.16% 0.38%Dividend (`) Per Unit 0.0476 0.0277 0.0655Cum Dividend NAV 18.4088 17.2661 17.0510




A fund that provides an opportunity to save tax while growing your money through Equity investments.

An Open-ended equity linked savings scheme (ELSS) with the objective of long term growth of capital through a portfolio with a target allocation of 80% equity, 20% debt and money market securities

Fund Manager: Mr. Ajay GargManaging Fund Since: October 01, 2006Total Experience: 22 yearsDate of Allotment: March 29, 1996Type of Scheme: An Open-ended ELSSScheme with a lock - in of 3 years from the date of allotment.Application Amount for fresh subscription*: ` 500 (plus in multiplies of ` 1)Min. Addl. Investment: ` 500 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth (w.e.f. 06/03/08): 24.27Dividend: 137.06Direct Plan$ Growth: 25.11Dividend: 173.21Benchmark: S&P BSE 200Monthly Average AUM: ` 2733.84 CroresAUM as on last day: ` 2779.54 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load: NilOther ParameterStandard Deviation: 15.78%Sharpe Ratio##: 0.80Beta: 0.95Portfolio Turnover: 0.01Expense Ratio:Regular 2.36Direct 1.36

Birla Sun Life Tax Relief ‘96 (U/S 80C) An Open-ended ELSS Scheme with a lock - in of 3 years from the date of allotment.


Sundaram Clayton Limited 8.06%

Honeywell Automation India Limited 4.97%

Bayer Cropscience Limited 4.93%

ICRA Limited 4.03%

Gillette India Limited 3.84%


Biocon Limited 3.49%

Zee Entertainment Enterprises Limited 3.19%

GlaxoSmithKline Pharmaceuticals Limited 3.12%

MRF Limited 3.05%




NAV Per Unit. *

(`)

Birla SunLife Tax

Relief ‘96 (%)

S&P BSE200 # (%)

Nifty 50 ## (%)


Birla SunLife Tax

Relief ‘96 (`)

S&P BSE200 # (`)

Nifty 50 ## (`)



December 31, 2014 toDecember 31, 2015 (Absolute) 20.03 9.19 -1.48 -4.06 10919 9852 9594


# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Ajay Garg is 8. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. Tax deduction(s) available u/s 80C of the Income Tax Act, 1961 is subject to conditions specified therein. Investors are requested to note that fiscal laws may change from time to time and there can be no guarantee that the current tax position may continue in the future. Investors are advised to consult their tax advisor in view of individual nature of tax benefits. $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1060000 600000 360000 120000Market Value of amount Invested 2104636 932071 427062 122051Scheme Returns (CAGR) 15.00 17.66 11.42 3.19S&P BSE 200 returns# (CAGR) 9.51 9.52 4.83 2.78Nifty 50 returns## (CAGR) 8.44 7.69 2.79 1.61Date of First Installment: April 01, 2008 & Scheme Inception Date: March 06, 2008. Past Performance may or may not be sustained in future.

Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers 1800-270-7000 / 1800-22-7000 or from any of our Investor Service Centers.The Dividend Reinvestment Facility under the scheme have been discontinued w.e.f. February 12, 2015. Please refer addendum no. 07/2015 dated February 09, 2015 for further details.

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).Where Benchmark returns are not available, they have not been shown.

3.89%

4.40%

4.93%

5.09%

5.71%

7.37%

8.14%

10.53%

13.98%

14.22%

Auto

Software

Pesticides

Industrial Capital Goods

Cement


Finance

Pharmaceuticals

Auto Ancillaries

Banks

Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns.## Risk Free Rate assumed to be 6.05% (FBIL Overnight MIBOR for 28th Feb 2017) for calculating Sharpe Ratio

Declared on date 25-Nov-16 11-Mar-16 13-Mar-15Dividend Yield (Regular Plan) 5.02% 5.16% 1.97%Dividend (`) Per Unit 6.62 6.50 2.75Cum Dividend NAV 131.94 126.09 139.52


28

A fund that provides an opportunity to save tax while growing your money through Equity investments.

An Open-ended Equity Linked Savings Scheme (ELSS) with the objective to achieve long-term growth of capital along with income tax relief for investment.

Fund Manager: Mr. Ajay GargManaging Fund Since: October 17, 2011Total Experience: 22 yearsDate of Allotment: February 16, 1999Type of Scheme: An Open-ended ELSSScheme with a lock - in of 3 years from the date of allotment.Application Amount for fresh subscription*: ` 500 (plus in multiplies of ` 1)Min. Addl. Investment: ` 500 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 30.46Dividend: 77.90Direct Plan$ Growth: 31.71Dividend: 104.42Benchmark: S&P BSE SENSEXMonthly Average AUM: ` 453.67 CroresAUM as on last day: ` 459.81 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load: NilOther ParameterStandard Deviation: 14.90%Sharpe Ratio##: 1.12Beta: 0.96Portfolio Turnover: 0.003Expense Ratio:Regular 2.71Direct 1.57

Birla Sun Life Tax Plan (U/S 80C)An Open-ended ELSS Scheme with a lock - in of 3 years from the date of allotment.





ICRA Limited 4.04%




MRF Limited 3.31%






NAV Per Unit. *

(`)

Birla SunLife Tax Plan

(%)

S&P BSESENSEX #

(%)

Nifty 50 ## (%)


Birla SunLife Tax

Relief ‘96 (`)

S&P BSESENSEX

# (`)

Nifty 50 ## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Ajay Garg is 8. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. Tax deduction(s) available u/s 80C of the Income Tax Act, 1961 is subject to conditions specified therein. Investors are requested to note that fiscal laws may change from time to time and there can be no guarantee that the current tax position may continue in the future.Investors are advised to consult their tax advisor in view of individual nature of tax benefits. $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1230000 600000 360000 120000Market Value of amount Invested 2480148 914223 422724 121775Scheme Returns (CAGR) 13.10 16.87 10.72 2.76S&P BSE SENSEX returns# (CAGR) 7.45 6.99 1.73 1.18Nifty 50 returns## (CAGR) 7.92 7.69 2.79 1.61Date of First Installment: March 01, 1999 & Scheme Inception Date: February 16, 1999. Past Performance may or may not be sustained in future.

Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers 1800-270-7000 / 1800-22-7000 or from any of our Investor Service Centers.The Dividend Reinvestment Facility under the scheme have been discontinued w.e.f. February 12, 2015. Please refer addendum no. 07/2015 dated February 09, 2015 for further details.

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).Where Benchmark returns are not available, they have not been shown.


3.89%4.28%

4.93%

5.09%

5.60%

7.30%

8.01%

10.39%

13.71%

14.29%

Consumer Durables

Software

Pesticides


Cement


Finance

Pharmaceuticals

Banks

Auto Ancillaries

Declared on date 23-Mar-16 20-Mar-15 21-Mar-14Dividend Yield (Regular Plan) 7.92% 5.52% 0.00%Dividend (`) Per Unit 5.75 4.50 0Cum Dividend NAV 72.57 81.45 54.12




A fund that provides an opportunity to save tax and aims to create wealth through Equity investments.

Birla Sun Life Tax Savings Fund is an open ended equity linked savings scheme which aims to provide medium to long term growth of capital along with income tax rebate.

Fund Manager: Mr. Ajay GargManaging Fund Since: October 11, 2014Total Experience: 22 yearsDate of Allotment: March 28, 2004Type of Scheme: An Open-ended Equity Linked Savings SchemeNAV of Plans / Options (`)Regular Plan Growth: 55.85Dividend: 27.55Bonus: 55.93Direct Plan$ Growth: 57.38Dividend: 28.20Bonus: 57.45Application Amount for fresh subscription*: NA as the scheme does not accept fresh subscriptions /Switch-inMin. Addl. Investment: NA as the scheme does not accept fresh subscriptions /Switch-in

Benchmark: S&P BSE 100Monthly Average AUM: ` 24.62 CroresAUM as on last day: ` 24.67 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load: NilOther ParameterStandard Deviation: 14.68%Sharpe Ratio##: 1.06Beta: 0.94Portfolio Turnover: 0.07Expense Ratio:Regular 2.70Direct 2.40

Birla Sun Life Tax Savings Fund (U/S 80C)An Open-ended Equity Linked Savings Scheme







ICRA Limited 3.79%

MRF Limited 3.72%


Reliance Industries Limited 2.83%





NAV Per Unit. *

(`)

Birla SunLife TaxSavings

Fund (%)

S&P BSE100 # (%)

S&P BSESENSEX ##

(%)


Birla SunLife TaxSavingsFund (`)

S&P BSE100 # (`)






# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Ajay Garg is 8. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1540000 600000 360000 120000Market Value of amount Invested 3397212 855329 417803 121991Scheme Returns (CAGR) 11.61 14.16 9.92 3.10S&P BSE 100 returns# (CAGR) 10.24 8.37 3.51 2.31S&P BSE SENSEX returns## (CAGR) 9.76 6.99 1.73 1.18Date of First Installment: April 01, 2004 & Scheme Inception Date: March 28, 2004 . Past Performance may or may not be sustained in future.


# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).Where Benchmark returns are not available, they have not been shown.

3.75%

4.54%

4.81%

5.28%

6.23%

6.43%

8.26%

9.45%

14.67%

15.44%

Auto

Pesticides

Software


Cement


Finance

Pharmaceuticals

Auto Ancillaries

Banks


30

31



32http://mutualfund.birlasunlife.com https://twitter.com/bslmf




What are Wealth Solutions?

Our Wealth Creation Solutions seek to provide superior tax efficient growth of your capital through equity investments over a longer term.

Who can benefit from Wealth Creation Solutions?

These solutions can be ideal for investors who are planning for future expenses, like higher education of children, marriage, buying a home etc.These solutions are available in the range of aggressive to conservative options to suit the needs of the investor.

Benefits of Wealth Creation Solutions:

Tax Free Returns: No capital gains tax (on withdrawal) if you stay invested for over a year as per current tax laws. Invest in the long-term to overcome short-term ups and downs.

Risk is lowered: Mutual funds invest in many companies and funds are managed by experts; which can be considered as an alternative to direct investment in shares.

Investors are requested to consult their tax advisor before investing for individual nature of tax benefit. The Financial Solution (Wealth Creation Solution) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns.

Benefits of Wealth Creation solutions:

Birla Sun Life Equity Savings Fund uses a unique combination of equity derivative strategies, arbitrage opportunities, pure equity investments, debt & money market instruments which together intends to deliver Tax Efficient Growth with Low Volatility.

To provide capital appreciation and income distribution to the investors by using a blend of equity derivatives strategies, arbitrage opportunities and pure equity investments. The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.

Fund Manager: Mr. Satyabrata Mohanty, Mr. Pranay Sinha & Mr. Lovelish SolankiManaging Fund Since: Since Inception, August 26, 2015 & August 26, 2015 respectivelyTotal Experience: 16 years, 10 Years & 7 yearsDate of Allotment: November 28, 2014Type of Scheme: An Open ended Equity SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 12.02Dividend: 11.35Direct Plan$ Growth: 12.32Dividend: 11.64Benchmark: 30% S&P BSE 200 + 30%Crisil Short Term Bond Fund Index + 40% Crisil Liquid Fund IndexMonthly Average AUM: ` 424.36 CroresAUM as on last day: ` 425.51 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: Nil.**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterModified Duration: 0.83 yearsAverage Maturity: 1.42 yearsYield to Maturity: 6.10%Portfolio Turnover: 4.30Expense Ratio:Regular 2.31Direct 1.14

Birla Sun Life Equity Savings FundAn Open ended Equity Scheme


Tata Capital Housing Finance Ltd 9.35% CRISIL A1+

LIC Housing Finance Ltd 5.84%

8.15% GOI (MD 24/11/2026) 4.96% SOV


Axis Bank Ltd 4.11%

9.20% GOI (MD 30/09/2030) 4.04% SOV

Yes Bank Ltd 3.92%

Housing Development Finance Corporation Ltd 2.90%

Hindustan Petroleum Corporation Ltd 2.62%

Natco Pharma Ltd 2.34%




NAV Per

Unit. *(`)

BirlaSunLife

EquitySavings

Fund (%)

30% S&PBSE 200 +30% CrisilShort TermBond Fund

Index +40% Crisil

LiquidFund Index

# (%)

CRISIL10

YearGilt

Index # (%)

Nifty 50 ## (%)

Value of Standard Investment of ` 10000 inBirla

Sun LifeEquity

SavingsFund (`)

30% S&PBSE 200 +30% CrisilShort TermBond Fund

Index + 40%Crisil LiquidFund Index

# (`)

CRISIL10 Year

GiltIndex #

(`)

Nifty 50 ## (`)

Since inception till December 30, 2016 (CAGR) 10.00 5.93 6.14 11.77 -2.27 11280 11327 12618 9531

December 31, 2015 to December 30, 2016 (Absolute) 10.48 7.63 7.40 14.97 3.01 10763 10740 11497 10301

December 31, 2014 toDecember 31, 2015 (Absolute) 10.10 3.76 5.63 7.39 -4.06 10376 10563 10739 9594

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 1. Total Schemes managed by Mr. Satyabrata Mohanty is 12. Total Schemes managed by Mr. Pranay Sinha is 6. Total Schemes managed by Mr. Lovelish Solanki is 4. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 1 yearTotal Amount Invested (`) 260000 120000Market Value of amount Invested 275846 123097Scheme Returns (CAGR) 5.38 4.8330% S&P BSE 200 + 30% Crisil Short Term Bond Fund Index + 40% Crisil Liquid Fund Index returns# (CAGR) 6.45 7.51CRISIL 10 Year Gilt Index returns# (CAGR) 12.73 15.95Nifty 50 returns## (CAGR) -0.67 1.61Date of First Installment: December 01, 2014 & Scheme Inception Date: November 28, 2014. Past Performance may or may not be sustained in future.

1.64%2.05%

2.32%

3.50%

3.95%

4.64%

5.58%

7.05%

12.71%

16.86%

Industrial Products

Oil

Cement


Petroleum Products

Auto

Pharmaceuticals


Banks

Finance

Declared on date 30-Dec-16 30-Sep-16Dividend Yield (Regular Plan) 1.75% 1.98%Dividend (`) Per Unit 0.19 0.23Cum Dividend NAV 10.84 11.59Dividend Yield (Direct Plan) 1.80% 1.94%Dividend (`) Per Unit 0.20 0.23Cum Dividend NAV 11.10 11.83




34

An open ended Asset allocation scheme which balances the portfolio between Equity and Fixed income securities based on market valuations to generate long term wealth at a relatively low volatility.

The primary objective of the Scheme is to generate long term growth of capital and income distribution with relatively lower volatility by investing in a dynamically balanced portfolio of Equity & Equity linked investments and fixed-income securities.

Fund Manager: Mr. Prasad Dhonde & Mr. Vineet MalooManaging Fund Since: October 11, 2014 & August 26, 2015Total Experience: 16 years & 11 yearsDate of Allotment: April 25, 2000Type of Scheme: An Open ended Asset Allocation SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 46.66Dividend: 21.68Direct Plan$ Growth: 48.04Dividend: 22.37Benchmark: CRISIL Balanced Fund - Aggressive IndexMonthly Average AUM: ` 327.59 CroresAUM as on last day: ` 417.83 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment.Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 365 days from the date of allotment: 1.00% of applicable NAV. For redemption / switch-out of units after 365 days from the date of allotment: Nil. (w.e.f October 10, 2016)**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterStandard Deviation: 11.34%Sharpe Ratio##: 1.05Beta: 1.10Portfolio Turnover: 6.67Expense Ratio:Regular 2.81Direct 1.51

Birla Sun Life Balanced Advantage Fund(erstwhile Birla Sun Life Dynamic Asset Allocation Fund. Name changed w.e.f September 30, 2016)An Open ended Asset Allocation Scheme


Mahanagar Gas Limited 3.86%

ITC Limited 3.36%

Indraprastha Gas Limited 2.97%

Tata Chemicals Limited 2.86%

Bharat Electronics Limited 2.77%

Indian Oil Corporation Limited 2.49%

Emami Limited 2.47%

Infosys Limited 2.40%


Sintex Industries Limited 2.14%



Date of Inception: Apr 25, 2000

NAV Per Unit. *

(`)

BirlaSun LifeBalancedAdvantageFund (%)

CRISILBalanced

Fund -AggressiveIndex # (%)

S&P BSESENSEX ##

(%)


BirlaSun LifeBalancedAdvantageFund (`)

CRISILBalanced

Fund -AggressiveIndex # (`)


Since inception till December 30, 2016 (CAGR) 10.00 9.33 N/A 11.19 44350 N/A 58726




# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 9. Total Schemes managed by Mr. Prasad Dhonde is 21. Total Schemes managed by Mr. Vineet Maloo is 16. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 2000000 600000 360000 120000Market Value of amount Invested 6228169 848343 439356 131920Scheme Returns (CAGR) 12.43 13.83 13.38 18.97CRISIL Balanced Fund - Aggressive Index returns# (CAGR) NA 8.92 6.09 5.77S&P BSE SENSEX returns## (CAGR) 12.64 6.99 1.73 1.18Date of First Installment: May 01, 2000 & Scheme Inception Date: April 25, 2000 . Past Performance may or may not be sustained in future.


2.86%3.88%

4.37%

4.45%

4.59%

5.37%

6.30%

6.74%

7.51%

8.35%

Chemicals

Auto


Industrial Products

Petroleum Products

Software

Pharmaceuticals


Gas

Banks

Declared on date 23-Feb-17 25-Jan-17 22-Mar-13Dividend Yield (Regular Plan) 0.78% 0.74% 32.50%Dividend (`) Per Unit 0.17 0.16 6.00Cum Dividend NAV 21.83 21.58 18.46Dividend Yield (Direct Plan) 0.76% 0.76% 32.41%Dividend (`) Per Unit 0.17 0.17 6.00Cum Dividend NAV 22.51 22.24 18.51






A fund that seeks to achieve long-term growth of your investment at moderate levels of risk by striking a balance between potential growth of equity and relative safety of debt.

An Open ended Balanced Scheme with the objective to generate long term growth of capital and current income, through a portfolio with a target allocation of 60% equity and 40% debt and money market securities. The secondary objective is income generation and distribution of dividend.

Fund Manager: Mr. Mahesh Patil, Mr. Pranay Sinha & Mr. Dhaval ShahManaging Fund Since: January 16, 2014, August 26, 2015 & November 23, 2016Total Experience: 24 years, 10 years & 12 yearsDate of Allotment: February 10, 1995Type of Scheme: An Open-ended Balanced SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 658.71Dividend: 145.27Direct Plan$ Growth: 685.72Dividend: 200.00Benchmark: CRISIL Balanced Fund - Aggressive IndexMonthly Average AUM: ` 6373.42 CroresAUM as on last day: ` 6621.21 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment.Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 365 days from the date of allotment: 1.00% of applicable NAV. For redemption / switch-out of units after 365 days from the date of allotment: Nil. (w.e.f October 10, 2016)**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterModified Duration: 5.95 yearsAverage Maturity: 10.85 yearsYield to Maturity: 7.78%Standard Deviation: 12.19%Sharpe Ratio##: 1.26Beta: 1.22Portfolio Turnover: 1.52Expense Ratio:Regular 2.29Direct 1.00

70.11%

16.17%

6.58%5.25%

1.90%

Equity Sovereign

Cash & Current Assets AAA

Below AA 1.85%2.54%

3.47%

4.45%

4.88%

5.23%

5.73%

7.22%

7.24%

13.48%

Power

Consumer Durables

Media & Entertainment

Petroleum Products

Software


Auto

Finance

Pharmaceuticals

Banks

Birla Sun Life Balanced ‘95 Fund(erstwhile Birla Sun Life ‘95 Fund. Name changed w.e.f January 01, 2016)An Open-ended Balanced Scheme


Government of India 12.82% SOVState Government Securities 3.35% SOVInfosys Limited 3.32%HDFC Bank Limited 3.26%ICICI Bank Limited 2.99%IndusInd Bank Limited 2.22%Tata Motors Limited 2.04%Yes Bank Limited 2.00%ITC Limited 1.74%Indian Oil Corporation Limited 1.73%



Date of Inception: Feb 10, 1995

NAV Per Unit. *

(`)

BirlaSun Life

Balanced ‘95Fund (%)

CRISILBalanced


Nifty 50 ## (%)


BirlaSun Life

Balanced ‘95Fund (`)

CRISILBalanced


Nifty 50 ## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 1. Total Schemes managed by Mr. Mahesh Patil is 8. Total Schemes managed by Mr. Pranay Sinha is 6. Total Schemes managed by Mr. Dhaval Shah is 1. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 2620000 600000 360000 120000Market Value of amount Invested 37561202 880741 426279 124631Scheme Returns (CAGR) 20.52 15.35 11.30 7.25CRISIL Balanced Fund - Aggressive Index returns# (CAGR) NA 8.92 6.09 5.77Nifty 50 returns## (CAGR) 11.70 7.69 2.79 1.61Date of First Installment: March 01, 1995 & Scheme Inception Date: February 10, 1995 . Past Performance may or may not be sustained in future.



Declared on date 26-Dec-16 30-Sep-16 30-Jun-16Dividend Yield (Regular Plan) 2.58% 2.56% 1.74%Dividend (`) Per Unit 3.50 3.80 2.46Cum Dividend NAV 135.43 148.62 141.55Declared on date 30-Sep-16 23-Dec-15 01-Oct-14Dividend Yield (Direct Plan) 2.03% 2.07% 4.40%Dividend (`) Per Unit 4.00 3.60 7.00Cum Dividend NAV 197.27 174.23 159.03


36

A fund that is designed to mirror the market performance of the 50 companies in the Nifty Index.

An Open-ended index-linked growth scheme with the objective to generate returns commensurate with the performance of Nifty subject to tracking errors.

Fund Manager: Mr. Ajay GargManaging Fund Since: October 01, 2006Total Experience: 22 yearsDate of Allotment: September 18, 2002Type of Scheme: An Open-ended Index Linked Growth SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 86.9355Dividend: 12.2379Direct Plan$ Growth: 87.0164Dividend: 12.3701Benchmark: Nifty 50Monthly Average AUM: ` 151.55 CroresAUM as on last day: ` 152.87 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterStandard Deviation: 14.10%Sharpe Ratio##: 0.44Beta: 0.99Portfolio Turnover: 3.54Expense Ratio:Regular 0.75Direct 0.45Tracking Error: 0.52%

Birla Sun Life Index FundAn Open-ended Index Linked Growth Scheme


Nifty Index 23.60%


ITC Limited 5.18%

Housing Development Finance Corporation Limited 5.06%



ICICI Bank Limited 3.76%

Tata Consultancy Services Limited 3.07%

Larsen & Toubro Limited 2.82%

Tata Motors Limited 2.39%



Date of Inception: Sept 18, 2002

NAV Per Unit. *

(`)

Birla SunLife IndexFund (%)

Nifty 50 # (%)

S&P BSESENSEX ##

(%)


Birla SunLife IndexFund (`)

Nifty 50 # (`)




December 31, 2014 toDecember 31, 2015 (Absolute) 80.9141 -3.81 -4.06 -5.03 9619 9594 9497



SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1720000 600000 360000 120000Market Value of amount Invested 4136951 728173 375482 120759Scheme Returns (CAGR) 11.42 7.68 2.76 1.18Nifty 50 returns# (CAGR) 11.84 7.69 2.79 1.61S&P BSE SENSEX returns## (CAGR) 11.86 6.99 1.73 1.18Date of First Installment: October 01, 2002, & Scheme Inception Date: September 18, 2002. Past Performance may or may not be sustained in future.

2.29%

2.36%

2.82%

4.51%

5.06%

5.60%

7.70%

8.17%

10.38%

19.02%

Power

Cement


Pharmaceuticals

Finance

Petroleum Products


Auto

Software

Banks

Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns.## Risk Free Rate assumed to be 6.05% (FBIL Overnight MIBOR for 28th Feb 2017) for calculating Sharpe RatioTracking Ratio for BSL Index Fund is computed based on Nifty TR Index

Declared on date 28-Mar-16 02-Nov-15 25-Feb-15Dividend Yield (Regular Plan) 9.84% 20.62% 23.57%Dividend (`) Per Unit 1.15 3.20 5.20Cum Dividend NAV 11.69 15.52 22.06Dividend Yield (Direct Plan) 10.52% 20.37% 23.39%Dividend (`) Per Unit 1.25 3.20 5.20Cum Dividend NAV 11.88 15.71 22.23






A diversified equity fund that invests across sectors in line with S&P BSE 200 Index, with a bias for large caps but not exclusively focused on them.

An Open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 100% equity by aiming at being as diversified across various industries and or sectors as its chosen benchmark index, S&P BSE 200.

Fund Manager: Mr. Mahesh PatilManaging Fund Since: November 17, 2005Total Experience: 24 yearsDate of Allotment: August 30, 2002Type of Scheme: An Open-ended Growth SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 186.19Dividend: 25.45Direct Plan$ Growth: 193.20Dividend: 43.10Benchmark: S&P BSE 200Monthly Average AUM: ` 15288.16 CroresAUM as on last day: ` 15421.00 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: 1% if redeemed /switchedout within 365 days from the date of allotment. Nil if redeemed /switched after 365 days from the date of allotment **Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterStandard Deviation: 14.79%Sharpe Ratio##: 0.94Beta: 1.01Portfolio Turnover: 0.71Expense Ratio:Regular 2.19Direct 1.07

2.38%2.47%

2.96%

8.10%

8.22%

8.30%

8.35%

9.02%

10.10%

20.24%

Consumer Durables

Cement

Power

Auto


Petroleum Products

Pharmaceuticals

Software

Finance

Banks

Birla Sun Life Frontline Equity FundAn Open-ended Growth Scheme






ITC Limited 3.75%

Maruti Suzuki India Limited 2.81%




IndusInd Bank Limited 2.40%



Date of Inception: Aug 30, 2002

NAV Per Unit. *

(`)

Birla SunLife FrontlineEquity Fund

(%)

S&P BSE200 # (%)

Nifty 50 ## (%)


BirlaSun LifeFrontline

EquityFund (`)

S&P BSE200 # (`)

Nifty 50 ## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Mahesh Patil is 8. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1720000 600000 360000 120000Market Value of amount Invested 7191102 859751 409487 123117Scheme Returns (CAGR) 18.15 14.37 8.55 4.86S&P BSE 200 returns# (CAGR) 12.58 9.52 4.83 2.78Nifty 50 returns## (CAGR) 11.83 7.69 2.79 1.61Date of First Installment: September 01, 2002 & Scheme Inception Date: August 30, 2002. Past Performance may or may not be sustained in future.




Declared on date 25-Oct-16 30-Oct-15 24-Apr-15Dividend Yield (Regular Plan) 9.89% 12.57% 5.94%Dividend (`) Per Unit 2.77 3.50 1.75Cum Dividend NAV 28.00 27.84 29.44


38

A large cap focused fund that invests in equity and equity related securities of top 100 companies in India as measured by market capitalization.

An Open-ended growth scheme with the objective to provide medium to long term capital appreciation, by investing predominantly in a diversified portfolio of equity and equity related securities of top 100 companies as measured by market capitalization.

Fund Manager: Mr. Mahesh PatilManaging Fund Since: July 29, 2010Total Experience: 24 yearsDate of Allotment: October 24, 2005Type of Scheme: An Open-ended Growth SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 49.4378Dividend: 17.0856Direct Plan$ Growth: 51.3187Dividend: 29.2350Benchmark: Nifty 50Monthly Average AUM: ` 2484.46 CroresAUM as on last day: ` 2520.38 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterStandard Deviation: 15.17%Sharpe Ratio##: 0.95Beta: 1.03Portfolio Turnover: 0.89Expense Ratio:Regular 2.36Direct 1.06

Birla Sun Life Top 100 FundAn Open-ended Growth Scheme






ITC Limited 3.48%



Grasim Industries Limited 2.89%






NAV Per Unit. *

(`)

Birla SunLife Top 100

Fund (%)

Nifty 50 # (%)

S&P BSESENSEX ##

(%)


Birla SunLife Top

100 Fund (`)

Nifty 50 # (`)






# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Mahesh Patil is 8. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers.$‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1350000 600000 360000 120000Market Value of amount Invested 2916365 863987 408726 123400Scheme Returns (CAGR) 13.00 14.57 8.43 5.31Nifty 50 returns# (CAGR) 8.36 7.69 2.79 1.61S&P BSE SENSEX returns## (CAGR) 7.93 6.99 1.73 1.18Date of First Installment: November 01, 2005 & Scheme Inception Date: October 24, 2005. Past Performance may or may not be sustained in future.



2.53%

3.59%

3.81%

6.07%

7.03%

7.54%

8.24%

8.63%

9.46%

21.11%

Non - Ferrous Metals

Power

Cement


Finance

Auto

Petroleum Products

Software

Pharmaceuticals

Banks


Declared on date 22-Jul-16 24-Jul-15 22-Jan-15Dividend Yield (Regular Plan) 8.13% 12.10% 4.31%Dividend (`) Per Unit 1.41 2.30 0.85Cum Dividend NAV 17.34 19.01 19.73




A Diversified Equity Fund that looks for opportunities without any sectoral or market cap bias with the aim to give you long term growth of capital.

An Open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 90% equity and 10% debt and money market securities.

Fund Manager: Mr. Anil ShahManaging Fund Since: October 03, 2012Total Experience: 26 yearsDate of Allotment: August 27, 1998Type of Scheme: An Open-ended Growth SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 605.84Dividend: 97.97Direct Plan$ Growth: 627.23Dividend: 121.25Benchmark: S&P BSE 200Monthly Average AUM: ` 4038.62 CroresAUM as on last day: ` 4213.96 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterStandard Deviation: 17.38%Sharpe Ratio##: 1.23Beta: 1.13Portfolio Turnover: 0.95Expense Ratio:Regular 2.31Direct 1.27

Birla Sun Life Equity FundAn Open-ended Growth Scheme



Cairn India Limited 3.86%


Dr. Reddy's Laboratories Limited 3.14%



Vedanta Limited 2.60%


Tata Communications Limited 2.54%

HCL Technologies Limited 2.52%



Date of Inception: Aug 27,1998

NAV Per Unit. *

(`)

Birla SunLife EquityFund (%)

S&P BSE200 # (%)

Nifty 50 ## (%)


Birla SunLife EquityFund (`)

S&P BSE200 # (`)

Nifty 50 ## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Anil Shah is 7. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 2210000 600000 360000 120000Market Value of amount Invested 20454457 976597 447038 129500Scheme Returns (CAGR) 20.93 19.58 14.59 15.03S&P BSE 200 returns# (CAGR) 13.54 9.52 4.83 2.78Nifty 50 returns## (CAGR) 12.35 7.69 2.79 1.61Date of First Installment: September 01, 1998 & Scheme Inception Date: August 27, 1998. Past Performance may or may not be sustained in future.

3.86%4.03%

4.10%

5.30%

5.39%

5.97%

6.58%

8.16%

9.56%

16.19%

Oil

Petroleum Products

Chemicals

Cement

Auto

Software


Finance

Pharmaceuticals

Banks


Declared on date 30-Nov-16 30-Nov-15 17-Mar-15Dividend Yield (Regular Plan) 7.81% 10.74% 3.76%Dividend (`) Per Unit 7.70 10.00 3.80Cum Dividend NAV 98.57 93.15 101.16Dividend Yield (Direct Plan) - 8.76% 1.84%Dividend (`) Per Unit - 9.00 2.00Cum Dividend NAV - 102.77 108.75




40

A Diversified Equity Fund that aims to achieve long-term growth of capital, at relatively moderate levels of risk through a research-based investment approach.

An Open-ended growth scheme with the objective to achieve long-term growth of capital at relatively moderate levels of risk through a diversified research based investment approach.

Fund Manager: Mr. Satyabrata MohantyManaging Fund Since: October 17, 2011Total Experience: 16 yearsDate of Allotment: February 24, 1995Type of Scheme: An Open-ended Growth SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 358.52Dividend: 97.41Direct Plan$ Growth: 368.82Dividend: 121.27Benchmark: S&P BSE 200Monthly Average AUM: ` 2592.27 CroresAUM as on last day: ` 2693.55 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption / switchout of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption / switchout of units after 365 days from the date of allotment: Nil.**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterStandard Deviation: 18.19%Sharpe Ratio##: 1.18Beta: 1.15Portfolio Turnover: 0.84Expense Ratio:Regular 2.36Direct 1.07

Birla Sun Life Advantage FundAn Open-ended Growth Scheme










Natco Pharma Limited 2.75%

L&T Finance Holdings Limited 2.36%




NAV Per Unit. *

(`)

BirlaSun Life

AdvantageFund (%)

S&P BSE200 # (%)

Nifty 50 ## (%)


BirlaSun Life

AdvantageFund (`)

S&P BSE200 # (`)

Nifty 50 ## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Satyabrata Mohanty is 12. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers.$‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 2630000 600000 360000 120000Market Value of amount Invested 27565723 952468 433416 122837Scheme Returns (CAGR) 18.21 18.55 12.44 4.42S&P BSE 200 returns# (CAGR) 12.83 9.52 4.83 2.78Nifty 50 returns## (CAGR) 11.68 7.69 2.79 1.61Date of First Installment: March 01, 1995 & Scheme Inception Date: February 24, 1995. Past Performance may or may not be sustained in future.


3.18%4.75%

5.38%

5.55%

6.73%

6.97%

7.69%

10.10%

12.47%

19.87%

Gas

Software

Cement



Pharmaceuticals

Petroleum Products

Auto

Finance

Banks

Declared on date 26-Aug-16 31-Aug-15 05-Sep-14Dividend Yield (Regular Plan) 7.44% 18.75% 14.34%Dividend (`) Per Unit 7.47 20.00 15.00Cum Dividend NAV 100.38 106.68 104.59Declared on date 31-Aug-15 05-Sep-14 23-May-14Dividend Yield (Direct Plan) 9.25% 14.25% 0.00%Dividend (`) Per Unit 10.00 15.00 0.00Cum Dividend NAV 108.05 105.26 101.77






The fund that invests in securities of multinational companies in order to achieve long-term growth of capital with relatively moderate levels of risk.

An Open-ended growth scheme with the objective to achieve long-term growth of capital at relatively moderate levels of risk by making investments in securities of multi-national companies through a research based investment approach.

Fund Manager: Mr. Ajay GargManaging Fund Since: June 18, 2009Total Experience: 22 yearsDate of Allotment: December 27, 1999Type of Scheme: An Open-ended Growth SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 590.45Dividend: 147.39Direct Plan$ Growth: 612.67Dividend: 207.79Benchmark: Nifty MNCMonthly Average AUM: ` 3163.52 CroresAUM as on last day: ` 3089.40 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: 1% if redeemed /switchedout within 365 days from the date of allotment. Nil if redeemed /switched after 365 days from the date of allotment.**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterStandard Deviation: 16.90%Sharpe Ratio##: 1.31Beta: 0.86Portfolio Turnover: 0.09Expense Ratio:Regular 2.07Direct 1.04

Birla Sun Life MNC FundAn Open-ended Growth Scheme



ICRA Limited 7.25%



Bosch Limited 6.74%


Pfizer Limited 6.19%



Johnson Controls – Hitachi Air Conditioning India Limited 4.59%




NAV Per Unit. *

(`)

Birla SunLife MNCFund (%)

Nifty MNC # (%)

Nifty 50 ## (%)


Birla SunLife MNCFund (`)

Nifty MNC # (`)

Nifty 50 ## (`)


December 31, 2015 to December 30, 2016 (Absolute) 591.40 -3.63 1.15 3.01 9637 10115 10301




SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 2050000 600000 360000 120000Market Value of amount Invested 15662855 999640 433562 117169Scheme Returns (CAGR) 20.89 20.54 12.46 -4.35Nifty MNC returns# (CAGR) 13.90 12.96 7.60 3.34Nifty 50 returns## (CAGR) 12.33 7.69 2.79 1.61Date of First Installment: January 01, 2000 & Scheme Inception Date: December 27, 1999 . Past Performance may or may not be sustained in future.

3.99%

5.45%

6.44%

6.93%

7.18%

8.17%

8.34%

12.34%

12.96%

16.87%

Services

Banks

Consumer Durables

Pesticides

Auto

Auto Ancillaries


Pharmaceuticals

Finance



Declared on date 09-Oct-15 22-Apr-15 20-Nov-14Dividend Yield (Regular Plan) 6.33% 6.02% 3.89%Dividend (`) Per Unit 10.00 10.00 5.50Cum Dividend NAV 158.07 166.22 141.24




42

A fund that provides an opportunity to invest in midsized companies which can be potential leaders of tomorrow.

An Open ended Growth Scheme with the objective to achieve long term growth of capital at controlled level of risk by investing primarily in ‘Mid-Cap’ Stocks. The level of risk is somewhat higher than a fund focused on large and liquid stocks. Concomitantly, the aim is to generate higher returns than a fund focused on large and liquid stocks.

Fund Manager: Mr. Jayesh GandhiManaging Fund Since: January 01, 2015Total Experience: 15 yearsDate of Allotment: October 03, 2002Type of Scheme: An Open-ended Growth SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 261.26Dividend: 33.90Direct Plan$ Growth: 270.03Dividend: 50.76Benchmark: Nifty Free Float Midcap 100Monthly Average AUM: ` 1907.47 CroresAUM as on last day: ` 1919.33 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch outof units within 365 days from the date of allotment:1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterStandard Deviation: 18.08%Sharpe Ratio##: 1.33Beta: 1.00Portfolio Turnover: 0.60Expense Ratio:Regular 2.37Direct 1.36

Birla Sun Life Midcap FundAn Open-ended Growth Scheme


Tube Investments of India Limited 2.83%

The Federal Bank Limited 2.82%

KEC International Limited 2.77%

Mahindra CIE Automotive Limited 2.61%



RBL Bank Limited 2.19%

Gujarat State Petronet Limited 2.01%


Torrent Pharmaceuticals Limited 1.96%




NAV Per Unit. *

(`)

Birla SunLife Midcap

Fund (%)

Nifty FreeFloat

Midcap 100 # (%)

Nifty 50 ## (%)


BirlaSun LifeMidcapFund (`)

Nifty FreeFloat

Midcap 100 # (`)

Nifty 50 ## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Jayesh Gandhi is 5. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers.$‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1710000 600000 360000 120000Market Value of amount Invested 8188772 983941 447071 123603Scheme Returns (CAGR) 19.91 19.89 14.60 5.63Nifty Free Float Midcap 100 returns# (CAGR) 15.86 15.99 12.28 6.42Nifty 50 returns## (CAGR) 11.74 7.69 2.79 1.61Date of First Installment: November 01, 2002 & Scheme Inception Date: October 03, 2002 . Past Performance may or may not be sustained in future.

3.94%

3.95%

4.52%

4.61%

5.25%

5.62%

6.55%

7.43%

9.12%

14.28%


Construction

Consumer Durables

Auto Ancillaries

Petroleum Products

Cement

Industrial Products

Pharmaceuticals

Banks

Finance


Declared on date 31-Aug-16 28-Aug-15 24-Jul-14Dividend Yield (Regular Plan) 7.82% 10.94% 8.72%Dividend (`) Per Unit 2.80 3.75 2.50Cum Dividend NAV 35.79 34.29 28.67






An Equity fund that aims to generate growth and capital appreciation by investing predominantly in equity and equity related securities of companies considered to be small and mid cap.

An Open ended Small and Mid Cap Equity Scheme with an objective to generate consistent long-term capital appreciation by investing predominantly in equity and equity related securities of companies considered to be small and midcap. The Scheme may also invest a certain portion of its corpus in fixed income securities including money market instruments, in order to meet liquidity requirements from time to time.

Fund Manager: Mr. Jayesh GandhiManaging Fund Since: December 15, 2014Total Experience: 15 yearsDate of Allotment: May 31, 2007Type of Scheme: An Open-ended Small & Mid Cap Equity SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 32.4862Dividend: 22.9755Direct Plan$ Growth: 33.6332Dividend: 32.5874Benchmark: Nifty Free Float Midcap 100Monthly Average AUM: ` 485.52 CroresAUM as on last day: ` 501.66 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: 1% if redeemed /switchedout within 365 days from the date of allotment. Nil if redeemed /switched after 365 days from the date of allotment.**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterStandard Deviation: 18.73%Sharpe Ratio##: 1.48Beta: 1.02Portfolio Turnover: 0.65Expense Ratio:Regular 2.75Direct 1.71

Birla Sun Life Small & Midcap FundAn Open-ended Small & Mid Cap Equity Scheme


Gujarat State Petronet Limited 3.25%

DCB Bank Limited 3.11%

Sterlite Technologies Limited 3.10%

V-Guard Industries Limited 2.71%

Akzo Nobel India Limited 2.68%

KEC International Limited 2.66%

Dewan Housing Finance Corporation Limited 2.66%

Mahanagar Gas Limited 2.61%


Jyothy Laboratories Limited 2.42%




NAV Per Unit. *

(`)

Birla SunLife Small &Midcap Fund

(%)

Nifty FreeFloat

Midcap 100 # (%)

Nifty 50 ## (%)


Birla SunLife Small& MidcapFund (`)

Nifty FreeFloat

Midcap 100 # (`)

Nifty 50 ## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Jayesh Gandhi is 5. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers.$‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1160000 600000 360000 120000Market Value of amount Invested 2781780 1048758 468964 126266Scheme Returns (CAGR) 17.30 22.52 17.96 9.85Nifty Free Float Midcap 100 returns# (CAGR) 12.65 15.99 12.28 6.42Nifty 50 returns## (CAGR) 7.92 7.69 2.79 1.61Date of First Installment: June 01, 2007 & Scheme Inception Date: May 31, 2007 . Past Performance may or may not be sustained in future.

3.92%

4.24%

4.31%

5.10%

5.86%

6.42%

7.25%

7.45%

9.03%

12.64%


Petroleum Products

Software


Gas

Construction

Industrial Products

Banks

Pharmaceuticals

Finance


Declared on date 31-Aug-16 28-Aug-15 24-Jul-14Dividend Yield (Regular Plan) 7.83% 10.90% 0.00%Dividend (`) Per Unit 1.85 2.30 0.00Cum Dividend NAV 23.62 21.10 18.20




44

An Open ended Diversified Equity fund that follows value investing strategy to generate consistent long-term capital appreciation.

An Open ended Diversified Equity Scheme with the objective to generate consistent long-term capital appreciation by investing predominantly in equity and equity related securities by following value investing strategy.

Fund Manager: Mr. Mahesh Patil & Mr. Milind BafnaManaging Fund Since: January 16, 2014Total Experience: 24 years & 15 yearsDate of Allotment: March 27, 2008Type of Scheme: An Open-ended Diversified Equity SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 49.7714Dividend: 29.6586Direct Plan$ Growth: 51.4669Dividend: 45.0473Benchmark: S&P BSE 200Monthly Average AUM: ` 843.61 CroresAUM as on last day: ` 886.58 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterStandard Deviation: 24.22%Sharpe Ratio##: 1.29Beta: 1.42Portfolio Turnover: 2.33Expense Ratio:Regular 2.60Direct 1.55

Birla Sun Life Pure Value FundAn Open-ended Diversified Equity Scheme



Jindal Steel & Power Limited 5.70%

Chennai Petroleum Corporation Limited 4.93%



UPL Limited 4.30%

Bharat Petroleum Corporation Limited 3.48%

Gujarat Narmada Valley Fertilizers and Chemicals Limited 3.42%

Atul Limited 3.37%

Bharat Financial Inclusion Limited 3.22%




NAV Per Unit. *

(`)

Birla SunLife Pure

Value Fund (%)

S&P BSE200 # (%)

Nifty 50 ## (%)


Birla SunLife Pure

Value Fund (`)

S&P BSE200 # (`)

Nifty 50 ## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 3. Total Schemes managed by Mr. Mahesh Patil is 8. Total Schemes managed by Mr. Milind Bafna is 4. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1060000 600000 360000 120000Market Value of amount Invested 2750013 1088795 456950 125730Scheme Returns (CAGR) 20.75 24.08 16.13 8.99S&P BSE 200 returns# (CAGR) 9.52 9.52 4.83 2.78Nifty 50 returns## (CAGR) 8.44 7.69 2.79 1.61Date of First Installment: April 01, 2008 & Scheme Inception Date: March 27, 2008. Past Performance may or may not be sustained in future.This scheme is jointly managed with Mr. Milind Bafna.

3.92%4.30%

6.08%

6.58%

6.73%

6.74%

6.79%

7.68%

11.28%

17.30%

Banks

Pesticides

Pharmaceuticals

Industrial Products

Gas

Cement

Ferrous Metals

Chemicals

Finance

Petroleum Products


Declared on date 22-Jul-16 24-Jul-15 31-Jul-14Dividend Yield (Regular Plan) 7.87% 10.43% 10.69%Dividend (`) Per Unit 2.20 3.00 2.80Cum Dividend NAV 27.94 28.75 26.19






India’s first Manufacturing Oriented Fund, it is a thematic strategy geared to benefit from Indian economy’s next big leap – Resurgence of the Indian manufacturing sector.

The primary investment objective of the Schemes is to generate long-term capital appreciation to unit holders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in Manufacturing activity. The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.

Fund Manager: Mr. Anil ShahManaging Fund Since: Since InceptionTotal Experience: 26 yearsDate of Allotment: January 31, 2015Type of Scheme: An Open ended Manufacturing Sector SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 11.92Dividend: 11.92Direct Plan$ Growth: 12.16Dividend: 12.19Benchmark: S&P BSE 500Monthly Average AUM: ` 797.24 CroresAUM as on last day: ` 788.78 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch outof units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: Nil.**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterPortfolio Turnover: 0.19Expense Ratio:Regular 2.43Direct 1.33

Birla Sun Life Manufacturing Equity FundAn Open ended Manufacturing Sector Scheme






ITC Limited 3.85%

Bharat Electronics Limited 3.13%


Sun Pharmaceuticals Industries Limited 2.99%

MRF Limited 2.96%

Dishman Pharmaceuticals and Chemicals Limited 2.92%



Date of Inception: Jan 31, 2015

NAV Per Unit. *

(`)

Birla Sun LifeManufacturing

Equity Fund (%)

S&P BSE500 # (%)

Nifty 50 ## (%)


Birla Sun LifeManufacturingEquity Fund (`)

S&P BSE500 # (`)

Nifty 50 ## (`)

Since inception till December 30, 2016 (CAGR) 10.00 4.20 -1.44 -3.76 10820 9727 9293


# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Anil Shah is 7. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 1 yearTotal Amount Invested (`) 230000 120000Market Value of amount Invested 244644 125922Scheme Returns (CAGR) 6.33 9.30S&P BSE 500 returns# (CAGR) 1.34 3.05Nifty 50 returns## (CAGR) -0.38 1.61Date of First Installment: February 01, 2015 & Scheme Inception Date: January 31, 2015 . Past Performance may or may not be sustained in future.

2.83%

3.64%

6.01%

6.16%

7.53%

8.34%

10.56%

10.89%

15.28%

18.68%

Consumer Durables


Auto Ancillaries

Industrial Products

Chemicals


Pharmaceuticals

Cement

Auto




46

A fund that aims to generate growth and capital appreciation by building a portfolio that predominantly invest in the Banking and Financial Services related companies in India.

The primary investment objective of the Scheme is to generate long-term capital appreciation to unit holders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services. The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.

Fund Manager: Mr. Satyabrata Mohanty & Mr. Dhaval GalaManaging Fund Since: Since Inception & August 26, 2015Total Experience: 16 years & 9 yearsDate of Allotment: December 14, 2013Type of Scheme: An Open ended Banking & Financial Services Sector SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 22.44Dividend: 17.49Direct Plan$ Growth: 23.06Dividend: 19.53Benchmark: Nifty Financial ServicesMonthly Average AUM: ` 947.02 CroresAUM as on last day: ` 954.08 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch outof units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 daysfrom the date of allotment: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterStandard Deviation: 22.93%Sharpe Ratio##: 1.14Beta: 1.07Portfolio Turnover: 0.26Expense Ratio:Regular 2.56Direct 1.42

Birla Sun Life Banking and Financial Services FundAn Open ended Banking & Financial Services Sector Scheme







Cholamandalam Investment and Finance Company Limited 5.60%

State Bank of India 5.36%

Equitas Holdings Limited 4.91%

Bank of Baroda 4.57%

L&T Finance Holdings Limited 4.54%




NAV Per Unit. *

(`)

Birla SunLife Bankingand Financial

ServicesFund (%)

NiftyFinancialServices #

(%)

Nifty 50 ## (%)


Birla SunLife Bankingand Financial

ServicesFund (`)

NiftyFinancialServices

# (`)

Nifty 50 ## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 1. Total Schemes managed by Mr. Satyabrata Mohanty is 12. Total Scheme managed by Mr. Dhaval Gala is 1. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 3 years last 1 yearTotal Amount Invested (`) 370000 360000 120000Market Value of amount Invested 466496 447496 124027Scheme Returns (CAGR) 15.22 14.66 6.30Nifty Financial Services returns# (CAGR) 7.49 6.94 6.04Nifty 50 returns## (CAGR) 3.19 2.79 1.61Date of First Installment: January 01, 2014 & Scheme Inception Date: December 14, 2013. Past Performance may or may not be sustained in future

-1.05%

1.79%

44.45%

54.81%



Finance

Banks

Declared on date 29-Dec-15Dividend Yield (Regular Plan) 7.93%Dividend (`) Per Unit 1.10Cum Dividend NAV 13.87







A fund that invests in high dividend paying companies across market cap which typically have steady cash flow generation.

An Open-ended growth scheme with the objective to provide capital growth and income by investing primarily in a well-diversified portfolio of dividend paying companies that have a relatively high dividend yield.

Fund Manager: Mr. Satyabrata Mohanty & Mr. Vineet MalooManaging Fund Since: July 16, 2015 & January 16, 2014Total Experience: 16 years & 11 yearsDate of Allotment: February 26, 2003Type of Scheme: An Open-ended Growth SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 156.03Dividend: 16.21Direct Plan$ Growth: 161.13Dividend: 23.18Benchmark: Nifty 500Monthly Average AUM: ` 1054.14 CroresAUM as on last day: ` 1055.55 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment.Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 365 days from the date of allotment: 1.00% of applicable NAV. For redemption / switch-out of units after 365 daysfrom the date of allotment: Nil. (w.e.f October 10, 2016)**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterStandard Deviation: 16.42%Sharpe Ratio##: 0.86Beta: 1.05Portfolio Turnover: 0.78Expense Ratio:Regular 2.23Direct 1.48

Birla Sun Life Dividend Yield PlusAn Open-ended Growth Scheme





Sanofi India Limited 3.11%

Orient Cement Limited 2.99%


Greaves Cotton Limited 2.75%

Kaveri Seed Company Limited 2.67%


Bharat Petroleum Corporation Limited 2.53%




NAV Per Unit. *

(`)

Birla SunLife DividendYield Plus (%)

Nifty 500 # (%)

Nifty 50 ## (%)


BirlaSun LifeDividend

Yield Plus (`)

Nifty 500 # (`)

Nifty 50 ## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 3. Total Schemes managed by Mr. Satyabrata Mohanty is 12. Total Schemes managed by Mr. Vineet Maloo is 16. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1670000 600000 360000 120000Market Value of amount Invested 5210618 783545 391967 122674Scheme Returns (CAGR) 15.08 10.62 5.61 4.17Nifty 500 returns# (CAGR) 11.97 10.12 5.36 3.01Nifty 50 returns## (CAGR) 11.31 7.69 2.79 1.61Date of First Installment: March 01, 2003 & Scheme Inception Date: February 26, 2003 . Past Performance may or may not be sustained in future.This scheme is jointly managed with Mr. Vineet Maloo.


4.71%5.05%

5.20%

6.05%

7.12%

7.30%

7.73%

7.77%

10.74%

13.93%



Cement

Finance

Software


Pharmaceuticals

Industrial Products

Petroleum Products

Banks

Declared on date 30-Dec-16 26-Sep-16 24-Jun-16Dividend Yield (Regular Plan) 1.50% 1.59% 1.27%Dividend (`) Per Unit 0.22 0.25 0.18Cum Dividend NAV 14.63 15.73 14.15




48

A Fund that endeavors to generate long term growth by identifying stocks that may have the potential for special situation like buy backs, open offers, demerger, etc. and a contrarian investment style.

An Open-ended diversified equity scheme with an objective of the scheme is to generate long-term growth of capital by investing in a portfolio of equity and equity related securities. The Scheme would follow an investment strategy that would take advantage of Special Situations & Contrarian investment style.

Fund Manager: Mr. Satyabrata MohantyManaging Fund Since: October 05, 2016Total Experience: 16 yearsDate of Allotment: January 31, 2008Type of Scheme: An Open-ended Diversified Equity SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 20.9983Dividend: 16.1988Direct Plan$ Growth: 21.5401Dividend: 21.5245Benchmark: S&P BSE 200Monthly Average AUM: ` 151.13 CroresAUM as on last day: ` 150.68 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: 1% if redeemed /switchedout within 365 days from the date of allotment. Nil if redeemed /switched after 365 days from the date of allotment.**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterStandard Deviation: 19.64%Sharpe Ratio##: 1.10Beta: 1.23Portfolio Turnover: 0.93Expense Ratio:Regular 2.72Direct 2.01

Birla Sun Life Special Situations FundAn Open-ended Diversified Equity Scheme





ITC Limited 4.00%


UPL Limited 3.69%

Chennai Petroleum Corporation Limited 2.86%

Tech Mahindra Limited 2.70%






NAV Per Unit. *

(`)

Birla SunLife SpecialSituationsFund (%)

S&P BSE200 # (%)

Nifty 50 ## (%)


Birla SunLife SpecialSituationsFund (`)

S&P BSE200 # (`)

Nifty 50 ## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Satyabrata Mohanty is 12. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1080000 600000 360000 120000Market Value of amount Invested 2050469 944826 440070 126289Scheme Returns (CAGR) 13.77 18.22 13.50 9.88S&P BSE 200 returns# (CAGR) 9.32 9.52 4.83 2.78Nifty 50 returns## (CAGR) 8.30 7.69 2.79 1.61Date of First Installment: February 01, 2008 & Scheme Inception Date: January 31, 2008. Past Performance may or may not be sustained in future.

2.40%

3.69%

4.07%

5.55%

6.76%

7.35%

7.59%

8.29%

11.14%

21.46%

Construction

Pesticides


Pharmaceuticals

Finance

Auto

Petroleum Products


Software

Banks


Declared on date 26-Sep-16 29-Sep-15 28-Aug-14Dividend Yield (Regular Plan) 7.87% 8.17% 8.92%Dividend (`) Per Unit 1.37 1.30 1.30Cum Dividend NAV 17.41 15.91 14.57






An Equity fund that aims to generate growth and capital appreciation by building a portfolio of companies that are expected to benefit from the economic reforms, PSU divestment and increased government spending.

An Open ended Equity Scheme with an investment objective is to generate growth and capital appreciation by building a portfolio of companies that are expected to benefit from the economic reforms, PSU divestment and increased government spending.

Fund Manager: Mr. Satyabrata MohantyManaging Fund Since: July 16, 2015Total Experience: 16 yearsDate of Allotment: June 25, 2010Type of Scheme: An Open-ended Equity SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 16.57Dividend: 13.04Direct Plan$ Growth: 17.00Dividend: 17.01Benchmark: Nifty 500Monthly Average AUM: ` 123.58 CroresAUM as on last day: ` 121.32 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch outof units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterStandard Deviation: 19.43%Sharpe Ratio##: 1.02Beta: 1.19Portfolio Turnover: 0.37Expense Ratio:Regular 2.67Direct 1.67

Birla Sun Life India Reforms FundAn Open-ended Equity Scheme




State Bank of India 6.39%

Voltas Limited 6.16%



Capital First Limited 5.83%


Bajaj Finserv Limited 5.65%





NAV Per Unit. *

(`)

Birla SunLife IndiaReformsFund (%)

Nifty 500 # (%)

Nifty 50 ## (%)


Birla SunLife IndiaReformsFund (`)

Nifty 500 # (`)

Nifty 50 ## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Satyabrata Mohanty is 12. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 790000 600000 360000 120000Market Value of amount Invested 1091375 815975 406906 121257Scheme Returns (CAGR) 9.68 12.26 8.12 1.95Nifty 500 returns# (CAGR) 9.14 10.12 5.36 3.01Nifty 50 returns## (CAGR) 7.41 7.69 2.79 1.61Date of First Installment: July 01, 2010 & Scheme Inception Date: June 25, 2010 . Past Performance may or may not be sustained in future.

2.18%

2.24%

2.60%

2.60%

4.36%

4.37%

9.37%

17.72%

19.03%

32.22%


Gas

Engineering Services

Petroleum Products

Industrial Products



Auto

Finance

Banks


Declared on date 26-Dec-16 30-Nov-15 08-Aug-14Dividend Yield (Regular Plan) 6.24% 10.16% 6.72%Dividend (`) Per Unit 0.73 1.30 0.80Cum Dividend NAV 11.69 12.80 11.90




50

A fund that seeks to participate in growth and development of infrastructure in India by investing in equity and equity related securities of companies in the infra sector.

An Open-ended growth scheme with the objective to providing for medium to long-term capital appreciation by investing predominantly in a diversified portfolio of equity and equity related securities of companies that are participating in the growth and development of Infrastructure in India.

Fund Manager: Mr. Mahesh PatilManaging Fund Since: July 16, 2015Total Experience: 24 yearsDate of Allotment: March 17, 2006Type of Scheme: An Open-ended Growth SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 29.76Dividend: 16.28Direct Plan$ Growth: 30.63Dividend: 21.02Benchmark: Nifty 50Monthly Average AUM: ` 531.11 CroresAUM as on last day: ` 531.87 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: 1% if redeemed /switchedout within 365 days from the date of allotment. Nil if redeemed /switched after 365 days from the date of allotment.**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterStandard Deviation: 21.57%Sharpe Ratio##: 0.93Beta: 1.35Portfolio Turnover: 0.74Expense Ratio:Regular 2.43Direct 1.88

Birla Sun Life Infrastructure FundAn Open-ended Growth Scheme



WABCO India Limited 3.28%


PTC India Limited 2.99%


Crompton Greaves Consumer Electricals Limited 2.86%

Orient Cement Limited 2.76%

Ashoka Buildcon Limited 2.71%


VA Tech Wabag Limited 2.62%




NAV Per Unit. *

(`)

Birla Sun LifeInfrastructure

Fund (%)

Nifty 50 # (%)

S&P BSESENSEX ##

(%)


Birla Sun LifeInfrastructure

Fund (`)

Nifty 50 # (`)






# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Mahesh Patil is 8. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1300000 600000 360000 120000Market Value of amount Invested 2236807 843136 400990 121645Scheme Returns (CAGR) 9.63 13.58 7.13 2.56Nifty 50 returns# (CAGR) 8.08 7.69 2.79 1.61S&P BSE SENSEX returns## (CAGR) 7.61 6.99 1.73 1.18Date of First Installment: April 01, 2006 & Scheme Inception Date: March 17, 2006. Past Performance may or may not be sustained in future.

4.59%4.77%

5.33%

5.64%

5.79%

6.14%

7.95%

8.75%

11.12%

12.34%

Power

Consumer Durables

Gas

Petroleum Products


Cement

Banks


Finance

Industrial Products


Declared on date 11-Jun-15 27-Jun-14Dividend Yield (Regular Plan) 10.48% 0.00%Dividend (`) Per Unit 1.60 0.00Cum Dividend NAV 15.27 15.48






A thematic fund that invests in companies related to the IT sector like hardware, peripherals and components, software, telecom, media, internet and e-commerce and other technology enabled companies.

A multi-sector open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 100% equity, focusing on investing in technology and technology dependent companies, hardware, peripherals and components, software, telecom, media, internet and e-commerce and other technology enabled companies. The secondary objective is income generation and distribution of dividend.

Fund Manager: Mr. Kunal SangoiManaging Fund Since: January 16, 2014Total Experience: 8 yearsDate of Allotment: January 15, 2000Type of Scheme: An Open-ended Growth SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 35.76Dividend: 16.97Direct Plan$ Growth: 36.82Dividend: 18.87Benchmark: S&P BSE TeckMonthly Average AUM: ` 64.22 CroresAUM as on last day: ` 65.67 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: 1% if redeemed /switched out within 365 days from the date of allotment. Nil if redeemed /switched after 365 days from the date of allotment.**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterStandard Deviation: 17.92%Sharpe Ratio##: 0.09Beta: 1.11Portfolio Turnover: 0.60Expense Ratio:Regular 2.70Direct 1.94

Birla Sun Life New Millennium FundAn Open-ended Growth Scheme





NIIT Technologies Limited 7.86%

Cyient Limited 6.06%

Sonata Software Limited 5.54%

Hexaware Technologies Limited 5.12%

Tata Consultancy Services Limited 4.88%

INOX Leisure Limited 4.87%

Persistent Systems Limited 4.07%




NAV Per Unit. *

(`)

Birla SunLife New

MillenniumFund (%)

S&P BSETeck # (%)

Nifty 50 ## (%)


Birla SunLife New

MillenniumFund (`)

S&P BSETeck # (`)

Nifty 50 ## (`)


December 31, 2015 to December 30, 2016 (Absolute) 36.57 -3.47 -9.16 3.01 9653 9084 10301



# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme benchmark returns are not available, they have not been shown.Total Schemes managed by Mr. Kunal Sangoi is 2. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 2040000 600000 360000 120000Market Value of amount Invested 6838638 824241 386514 119913Scheme Returns (CAGR) 12.92 12.66 4.67 -0.13S&P BSE Teck returns# (CAGR) NA 6.32 -2.87 -11.20Nifty 50 returns## (CAGR) 12.34 7.69 2.79 1.61Date of First Installment: February 01, 2000 & Scheme Inception Date: January 15, 2000. Past Performance may or may not be sustained in future.

1.35%

1.58%

0.91%

0.99%

1.84%

7.22%

86.11%

Net receivables /payables


Telecom - Equipment &Accessories

Industrial Products

Telecom - Services


Software


Declared on date 29-Jul-16 31-Jul-15 11-Sep-14Dividend Yield (Regular Plan) 7.00% 10.02% 8.04%Dividend (`) Per Unit 1.27 2.00 1.60Cum Dividend NAV 18.14 19.96 19.90




52

A Fund that strives to benefit from the rising consumption pattern in India, fuelled by high disposable incomes of the young generation (Generation Next).

An Open-ended growth scheme with the objective to target growth of capital by investing in equity/equity related instruments of companies that are expected to benefit from the rising consumption patterns in India, which in turn is getting fuelled by high disposable incomes of the young generation (Generation Next). The scheme will invest in companies that have the following characteristics: 1. Companies that seek growth in revenues arising out of demand from the younger generation (GenNext) for their products or services. 2. They should be engaged in manufacturing of products or rendering of services that go directly to the consumer. 3. The products and services should have distinct brand identity, thereby enabling choice.

Birla Sun Life India GenNext FundAn Open-ended Growth Scheme

Fund Manager: Mr. Anil Shah & Mr. Chanchal KhandelwalManaging Fund Since: September 23, 2013 & August 26, 2015Total Experience: 26 years & 10 yearsDate of Allotment: August 05, 2005Type of Scheme: An Open-ended Growth SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 64.45Dividend: 23.23Direct Plan$ Growth: 66.98Dividend: 26.17Benchmark: Nifty 50Monthly Average AUM: ` 511.07 CroresAUM as on last day: ` 514.03 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: 1% if redeemed /switchedout within 365 days from the date of allotment. Nil if redeemed /switched after 365 days from the date of allotment.**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterStandard Deviation: 14.91%Sharpe Ratio##: 1.31Beta: 0.94Portfolio Turnover: 0.36Expense Ratio:Regular 2.74Direct 1.44




ITC Limited 4.08%





Housing Development Finance Corporation Limited 2.73%

Asian Paints Limited 2.49%

United Spirits Limited 2.28%




NAV Per Unit. *

(`)

Birla SunLife IndiaGenNextFund (%)

Nifty 50 # (%)

S&P BSESENSEX ##

(%)


Birla SunLife IndiaGenNextFund (`)

Nifty 50 # (`)






# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 1.Total Schemes managed by Anil Shah is 7 Total Schemes managed by Mr. Chanchal Khandelwal is 1. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1370000 600000 360000 120000Market Value of amount Invested 3637610 929379 435437 122930Scheme Returns (CAGR) 16.10 17.55 12.76 4.57Nifty 50 returns# (CAGR) 8.47 7.69 2.79 1.61S&P BSE SENSEX returns## (CAGR) 8.06 6.99 1.73 1.18Date of First Installment: September 01, 2005 & Scheme Inception Date: August 05, 2005. Past Performance may or may not be sustained in future.

2.67%

3.34%

3.67%

5.09%

6.02%

6.13%

10.15%

14.01%

15.94%

20.53%

Healthcare Services


Petroleum Products

Cement

Consumer Durables

Pharmaceuticals

Auto

Finance

Banks



Declared on date 27-May-16 18-Jun-15 27-Jun-14Dividend Yield (Regular Plan) 8.26% 11.10% 0.00%Dividend (`) Per Unit 1.80 2.60 0.00Cum Dividend NAV 21.80 23.42 19.57Dividend Yield (Direct Plan) 8.22% 10.14% 0.00%Dividend (`) Per Unit 2.00 2.60 0.00Cum Dividend NAV 24.33 25.63 21.07






A fund that allows investors to participate in India’s global outsourcing theme by identifying companies that seek to utilize India’s low cost and high quality resources to service the needs of global customers.

An Open ended Growth Scheme with the objective to achieve superior long-term growth of capital by investing in shares of companies that do one or more of the following: 1. Leverage India’s intellectual capital for providing services, research and creative inputs. 2. Seek to use current and impending changes in patent laws / import tariffs / quotas to supply goods and services. 3. Leverage India’s lower labour costs for providing services and manufactured goods 4. Leverage India’s large population of English speaking people for providing services.

Birla Sun Life India Opportunities FundAn Open-ended Growth Scheme

Fund Manager: Mr. Kunal SangoiManaging Fund Since: July 16, 2015Total Experience: 8 yearsDate of Allotment: December 27, 1999Type of Scheme: An Open-ended Growth SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 122.22Dividend: 27.57Direct Plan$ Growth: 125.38Dividend: 37.75Benchmark: Nifty 500Monthly Average AUM: ` 126.09 CroresAUM as on last day: ` 126.24 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption / switchoutof units within 365 days from the date of allotment: 1.00% ofapplicable NAV. For redemption / switch-out of units after 365 days from the date of allotment: Nil.**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterStandard Deviation: 13.72%Sharpe Ratio##: 1.08Beta: 0.73Portfolio Turnover: 0.69Expense Ratio:Regular 2.63Direct 2.04


Cummins India Limited 6.33%


Sanofi India Limited 5.88%


Sun Pharmaceuticals Industries Limited 5.11%



NIIT Technologies Limited 4.78%


Hexaware Technologies Limited 4.35%




NAV Per Unit. *

(`)

Birla SunLife India

OpportunitiesFund (%)

Nifty500 # (%)

Nifty 50 ## (%)


Birla SunLife India

OpportunitiesFund (`)

Nifty500 # (`)

Nifty 50 ## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Kunal Sangoi is 2. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 2050000 600000 360000 120000Market Value of amount Invested 8535550 967647 420760 121260Scheme Returns (CAGR) 14.99 19.20 10.40 1.96Nifty 500 returns# (CAGR) 13.41 10.12 5.36 3.01Nifty 50 returns## (CAGR) 12.33 7.69 2.79 1.61Date of First Installment: January 01, 2000 & Scheme Inception Date: December 27, 1999. Past Performance may or may not be sustained in future.

1.37%

2.47%

3.13%

4.32%

4.41%

6.17%

9.91%

11.85%

23.25%

30.27%

Textile Products

Finance

Pesticides

Auto Ancillaries

Petroleum Products



Industrial Products

Pharmaceuticals

Software


Declared on date 30-Nov-15 13-Nov-14 27-Dec-13Dividend Yield (Regular Plan) 10.38% 9.81% 0.00%Dividend (`) Per Unit 3.00 2.76 0.00Cum Dividend NAV 28.90 28.13 19.86




54

A fund that provides an opportunity to grow your money by investing in world class companies across the globe.

An Open-ended diversified equity scheme with an objective to generate long-term growth of capital, by investing predominantly in a diversified portfolio of equity and equity related securities in the international markets

Fund Manager: Mr. Vineet MalooManaging Fund Since: Since InceptionTotal Experience: 11 yearsDate of Allotment: October 31, 2007Type of Scheme: An Open-ended Diversified Equity SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 16.3677Dividend: 15.0593Direct Plan$ Growth: 16.7301Dividend: 16.7423Benchmark: S&P Global 1200Monthly Average AUM: ` 49.33 CroresAUM as on last day: ` 48.91 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption / switch-outof units within 365 days from the date of allotment:1.00% of applicable NAV. For redemption / switchout of units after 365 daysfrom the date of allotment: Nil.**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterPortfolio Turnover: 0.31Expense Ratio:Regular 2.68Direct 2.18

Birla Sun Life International Equity Fund - Plan AAn Open-ended Diversified Equity Scheme


Aetna Inc New 4.94%

Apple Inc. 4.85%

THE BOEING CO 4.04%

Fedex Corp 3.58%

Valero Energy Corporation Ltd 3.58%

AXA SA 3.48%

NORDEA BANK AB 3.19%

SWISS RE AG 3.06%

Delta Air Lines Inc 3.03%

SANOFI 3.02%




NAV Per Unit. *

(`)

BirlaSun Life

InternationalEquity Fund -Plan A (%)

S&PGlobal

1200 # (%)

Nifty 50 ## (%)


BirlaSun Life

InternationalEquity Fund -

Plan A (`)

S&PGlobal

1200 # (`)

Nifty 50 ## (`)



December 31, 2014 toDecember 31, 2015 (Absolute) 16.3751 -0.02 1.28 -4.06 9998 10128 9594


# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Vineet Maloo is 16. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1110000 600000 360000 120000Market Value of amount Invested 1618007 680911 362468 123249Scheme Returns (CAGR) 7.93 5.01 0.44 5.07S&P Global 1200 returns# (CAGR) 11.22 10.11 6.53 13.16Nifty 50 returns## (CAGR) 8.01 7.69 2.79 1.61Date of First Installment: November 01, 2007 & Scheme Inception Date: October 31, 2007 . Past Performance may or may not be sustained in future.

1.84%2.34%2.69%2.71%3.06%3.19%4.32%4.94%5.09%

64.30%

SwitzerlandNetherlandsHong Kong

NorwaySwaziland

SwedenGermany

FranceAustralia

United States

Country Allocation

Declared on date 27-Nov-14Dividend Yield (Regular Plan) 8.05%Dividend (`) Per Unit 1.30Cum Dividend NAV 16.15






A fund that provides an opportunity to grow your money by investing in worldclass companies across the globe, with at least 65% exposure to domestic markets.

An Open-ended diversified equity scheme with an objective to generate long-term growth of capital, by investing predominantly in a diversified portfolio of equity and equity related securities in the domestic and international markets.

Fund Manager: Mr. Vineet MalooManaging Fund Since: Since InceptionTotal Experience: 11 yearsDate of Allotment: October 31, 2007Type of Scheme: An Open-ended Diversified Equity SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 15.8756Dividend: 15.8755Direct Plan$ Growth: 16.2251Dividend: 16.2172Benchmark: Customised Index †† A customized benchmark created using S&P BSE 200 to the extent of 65% of portfolio and S&P Global 1200 to the extent of 35% of portfolio.Monthly Average AUM: ` 102.82 CroresAUM as on last day: ` 102.37 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: 1% if redeemed /switchedout within 365 days from the date of allotment. Nil if redeemed /switched after 365 days from the date of allotment.**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterPortfolio Turnover: 0.48Expense Ratio:Regular 2.68Direct 2.13

Birla Sun Life International Equity Fund - Plan BAn Open-ended Diversified Equity Scheme










Axis Bank Limited 1.76%

Cummins India Limited 1.73%




NAV Per Unit. *

(`)

BirlaSun Life

InternationalEquity Fund -Plan B (%)

CustomisedIndex † #

(%)

Nifty 50 ## (%)


BirlaSun Life

InternationalEquity Fund -

Plan B (`)

CustomisedIndex †

# (`)

Nifty 50 ## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Vineet Maloo is 16. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. † A customized benchmark created using S&P BSE 200 to the extent of 65% of portfolio and S&P Global 1200 to the extent of 35% of portfolio. $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1110000 600000 360000 120000Market Value of amount Invested 1682748 764388 394940 123815Scheme Returns (CAGR) 8.75 9.63 6.11 5.96Customised Index † returns# (CAGR) 10.24 10.08 5.68 6.55Nifty 50 returns## (CAGR) 8.01 7.69 2.79 1.61Date of First Installment: November 01, 2007 & Scheme Inception Date: October 31, 2007. Past Performance may or may not be sustained in future.

3.21%3.57%

3.67%

4.72%

4.74%

4.82%

5.93%

9.95%

13.41%

15.04%


Petroleum Products

Textile Products

Auto


Industrial Products

Software

Finance

Banks

United States

Country/Industry Allocation



56

A Fund that provides exposure to commodities, by investing in handpicked commodity companies worldwide, that have business exposure to Agricultural commodities.

The objective of the Scheme is to offer long term growth of capital, by investing in (1) stocks of Agri commodity companies, i.e., companies engaged in or focusing on the Agri business and/or (2) overseas mutual fund scheme(s) that have similar investment objectives. These securities could be issued in India or overseas.

Fund Manager: Mr. Milind BafnaManaging Fund Since: August 26, 2015Total Experience: 15 yearsDate of Allotment: November 07, 2008Type of Scheme: An Open-ended Growth SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 21.9869Dividend: 16.9331Direct Plan$ Growth: 22.3770Dividend: 17.2672Benchmark: S&P Global Agribusiness IndexMonthly Average AUM: ` 8.82 CroresAUM as on last day: ` 8.58 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch outof units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: Nil.**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterPortfolio Turnover: 0.07Expense Ratio:Regular 1.62Direct 1.17

Birla Sun Life Commodity Equities Fund - Global Agri Plan (GAP)An Open-ended Growth Scheme


Monsanto Co 9.71%

Deere And Co Ltd 9.36%

Syngenta Ltd Reg Shs 8.65%

ARCHER-DANIELS-MIDLAND CO 8.42%

ASSOCIATED BRITISH FOODS PLC 7.49%

BUNGE LTD 5.82%

TYSON FOODS INC 5.76%

BRF SA 5.40%

Kubota Corp 5.32%

Potash Corp Of Saskatchewan Inc 5.18%




NAV Per Unit. *

(`)

Birla Sun LifeCommodity

Equities Fund- Global Agri

Plan - RegularGrowth (%)

S&P GlobalAgribusinessIndex # (%)

Nifty 50 ## (%)


Birla Sun LifeCommodity

Equities Fund- Global Agri

Plan - RegularGrowth (`)

S&P GlobalAgribusinessIndex # (`)

Nifty 50 ## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Milind Bafna is 4. Refer annexure on page no. 67 to know more on performance ofschemes managed by Fund Managers. $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 980000 600000 360000 120000Market Value of amount Invested 1284018 691503 386272 128646Scheme Returns (CAGR) 6.49 5.62 4.63 13.66S&P Global Agribusiness Index returns# (CAGR) 12.66 9.68 7.16 17.09Nifty 50 returns## (CAGR) 8.68 7.69 2.79 1.61Date of First Installment: December 01, 2008 & Scheme Inception Date: November 07, 2008. Past Performance may or may not be sustained in future.

-1.95%

4.54%

1.49%

1.52%

4.15%

4.25%

4.66%

5.73%

16.14%

59.47%



Russian Federation

Chile

Canada

Mauritius

Norway

Japan

Switzerland

United States

Country Allocation

Declared on date 21-May-15 23-May-14Dividend Yield (Regular Plan) 7.48% 8.24%Dividend (`) Per Unit 1.44 1.50Cum Dividend NAV 19.26 18.20Dividend Yield (Direct Plan) 7.38% 8.19%Dividend (`) Per Unit 1.44 1.50Cum Dividend NAV 19.51 18.32






An open ended fund-of-funds Scheme that invests in global funds that primarily invest in commodity securities. It aims to provide long term capital growth.

The primary objective of the Scheme is to achieve long-term capital growth by investing primarily in units of global mutual funds which invest in commodity related securities. There can be no assurance that the investment objective of the Scheme will be realized.

Fund Manager: Mr. Shravan SreenivasulaManaging Fund Since: December 15, 2014Total Experience: 14 yearsDate of Allotment: September 17, 2008Type of Scheme: An Open-ended Fund of Funds SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 12.2423Dividend: 12.2451Direct Plan$ Growth: 12.3813Dividend: 10.9325Benchmark: 40% Dow Jones World Basic Materials Index + 40% Dow Jones World Oil and Gas Index + 20% MSCI AC World in INR termsMonthly Average AUM: ` 3.30 CroresAUM as on last day: ` 3.27 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/ switch-outof units on or before 365 days from the date of allotment: 1% of applicable NAV. For redemption/switch-out of units after 365 days from the date of allotment: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterExpense Ratio:Regular 0.77Direct 0.66

Birla Sun Life Global Commodities Fund(erstwhile ING Global Commodities Fund. Name changed w.e.f October 11, 2014)An Open-ended Fund of Funds Scheme


Legg Manson Martin Currie Global Resources Fund 44.86%

First State Glob Umbrella Fund Global Res Fund - I 42.80%





Date of Inception: Sep 17, 2008

NAV Per Unit. *

(`)

Birla SunLife Global

CommoditiesFund (%)

40% Dow Jones

World BasicMaterials

Index+ 40% DowJones World

Oiland Gas Index+ 20% MSCI

ACWorld in INRterms # (%)

S&PBSE

SENSEX ## (%)



CommoditiesFund (`)

40% DowJones

World BasicMaterials

Index + 40%Dow JonesWorld Oiland Gas

Index + 20%MSCI AC

World in INRterms # (`)





December 31, 2013 toDecember 31, 2014 (Absolute) 13.6279 -10.35 -7.87 29.89 8965 9213 12989


SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1000000 600000 360000 120000Market Value of amount Invested 1046588 602303 374044 135035Scheme Returns (CAGR) 1.08 0.15 2.50 24.0840% Dow Jones World Basic Materials Index + 40% Dow Jones World Oil and Gas Index + 20% MSCI AC World in INR terms# (CAGR)

5.75 3.91 3.96 23.34

S&P BSE SENSEX returns## (CAGR) 8.22 6.95 1.72 1.18

Date of First Installment: October 01, 2008 & Scheme Inception Date: September 17, 2008. Past Performance may or may not be sustained in future.

-0.79%

13.13%

87.66%



Mutual Fund Units



58

An open ended fund-of-funds Scheme that predominantly invests in “ING (L) Invest Global Real Estate Fund”, a global real estate fund that has flexibility to invest in real estate securities across the world. It aims to provide capital appreciation.

The primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in ING (L) Invest Global Real Estate. The Scheme may also invest a certain portion of its corpus in Money Market Instruments / liquid funds / money market mutual funds, in order to meet liquidity requirements from time to time. There can be no assurance that the investment objective of the Scheme will be realized.

Fund Manager: Mr. Shravan SreenivasulaManaging Fund Since: December 15, 2014Total Experience: 14 yearsDate of Allotment: December 31, 2007Type of Scheme: An Open-ended Fund of Funds SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 17.6683Dividend: 17.6794Direct Plan$ Growth: 18.0102Dividend: 18.0209Benchmark: 10/40 GPR 250 Global Net IndexMonthly Average AUM: ` 19.17 CroresAUM as on last day: ` 19.27 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/ switch-outof units on or before 365 days from the date of allotment: 1% of applicable NAV. For redemption/switch-out of units after 365 days from the date of allotment: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterExpense Ratio:Regular 1.74Direct 1.28


ING (L) Invest Global Real Estate - I Cap USD 98.34%


Net receivables / payables 1.19%




NAV Per Unit. *

(`)

Birla SunLife GlobalReal EstateFund (%)

10/40 GPR250 GlobalNet Index

# (%)

S&PBSE

SENSEX ## (%)



RealEstate

Fund (`)

10/40 GPR250 GlobalNet Index

# (`)







SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1090000 600000 360000 120000Market Value of amount Invested 1629349 679020 366969 115984Scheme Returns (CAGR) 8.62 4.90 1.25 -6.1610/40 GPR 250 Global Net Index returns# (CAGR) NA 10.21 7.18 1.73S&P BSE SENSEX returns## (CAGR) 7.74 6.96 1.75 1.18Date of First Installment: January 01, 2008 & Scheme Inception Date: December 31, 2007. Past Performance may or may not be sustained in future.

Birla Sun Life Global Real Estate Fund(erstwhile ING Global Real Estate Fund. Name changed w.e.f October 11, 2014)An Open-ended Fund of Funds Scheme

1.19%

0.47%

98.34%



Mutual Fund Units





An ETF that invests in physical gold of 99.5% purity to generate returns in line with performance of gold, subject to tracking errors.

An Open ended Gold Exchange Traded Fund with the investment objective to generate returns that are in line with the performance of gold, subject to tracking errors.

Fund Manager: Mr. Prasad DhondeManaging Fund Since: October 03, 2012Total Experience: 16 yearsDate of Allotment: May 13, 2011Type of Scheme: An Open ended Gold Exchange Traded FundAddl. Purchase: The Creation Unit size in case of Birla Sun Life Gold ETF shall be 1,000 units and in multiples thereof. To know the exact value of the units please refer our website.NAV (`): 2846.4912Benchmark: Domestic price of physical goldMonthly Average AUM: ` 74.61 CroresAUM as on last day: ` 75.14 Crores(as on 28th February 2017)Load Structure (as % of NAV)Entry Load: NilExit Load** (Includingfractional units, if any): Nil; ++The units of the scheme are compulsorily traded in dematerialized form, and hence, there shall be no entry/exit load for the units purchased or sold through stock exchanges. However,the investor shall have to bear costs in form of bid/ask spread and brokerage or such other cost as charged by his broker for transacting in units of the scheme through secondary market.**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterStandard Deviation: 15.49%Sharpe Ratio##: -0.54Beta: 0.93Expense Ratio:Regular 0.92Tracking Error: 6.46%

Birla Sun Life Gold ETFAn Open ended Gold Exchange Traded Fund


Gold 99.57%





Investment Performance NAV as on December 30, 2016: ` 2681.6017


NAV Per Unit. *(`)

Birla Sun LifeGold ETF (%)

Domestic priceof physicalgold # (%)


Birla Sun LifeGold ETF (`)

Domestic priceof physicalgold # (`)

Since inception till December 30, 2016 (CAGR) 2227.8530 3.35 4.42 12037 12756

December 31, 2015 to December 30, 2016 (Absolute) 2428.9528 10.40 11.58 11040 11158

December 31, 2014 toDecember 31, 2015 (Absolute) 2641.2988 -8.04 -7.25 9196 9275


# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Prasad Dhonde is 21. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers.


0.04%

0.39%

99.57%



GOLD

60

An open ended Fund of Funds scheme that predominantly invests in units of Birla Sun Life Gold ETF (underlying scheme) and one doesn’t require a Demat Account to invest in it.

An Open ended Fund of Funds Scheme with the investment objective to provide returns that tracks returns provided by Birla Sun Life Gold ETF (BSL Gold ETF).

Fund Manager: Mr. Shravan SreenivasulaManaging Fund Since: December 15, 2014Total Experience: 14 yearsDate of Allotment: March 20, 2012Type of Scheme: An Open ended Fund of Funds SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 9.8464Dividend: 9.8448Direct Plan$ Growth: 9.9485Dividend: 9.9455Benchmark: Domestic price of physical goldMonthly Average AUM: ` 52.75 CroresAUM as on last day: ` 53.01 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch outof units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterStandard Deviation: 16.88%Sharpe Ratio##: -0.46Beta: 0.98Expense Ratio:Regular 0.50Direct 0.23Tracking Error: 7.97%

Birla Sun Life Gold FundAn Open ended Fund of Funds Scheme


Birla Sun Life Gold ETF 99.11%







NAV Per Unit. *(`)

Birla Sun LifeGold Fund (%)

Domestic priceof physicalgold # (%)


Birla Sun LifeGold Fund (`)

Domestic priceof physicalgold # (`)

Since inception till December 30, 2016 (CAGR) 10.0000 -1.39 0.23 9353 10110

December 31, 2015 to December 30, 2016 (Absolute) 8.3878 11.51 11.58 11151 11158



# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Shravan Sreenivasula is 6. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. Investors should note that, Birla Sun Life Gold Fund being an open ended Fund of Funds scheme invests in Birla Sun Life Gold ETF which invests in physical gold of 99.5% purity and they shall bear the recurring expenses of the underlying scheme (i.e. Birla Sun Life Gold ETF) in addition to the recurring expenses of the Scheme. $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com


-0.51%

1.40%

99.11%






An open ended fund-of-funds Scheme that invests in equity and debt funds having diverse investment styles. These funds are selected using the BSLAMC process. It is actively managed by changing asset allocation of equity and debt categories. It aims to provide long term capital appreciation.

The primary objective of the Scheme is to generate capital appreciation primarily from a portfolio of equity and debt funds accessed through the diversified investment styles of underlying schemes selected in accordance with the BSLAMC process. There can be no assurance that the investment objective of the Scheme will be realized.

Fund Manager: Mr. Shravan SreenivasulaManaging Fund Since: December 15, 2014Total Experience: 14 yearsDate of Allotment: August 17, 2006Type of Scheme: An Open ended Fund of Funds SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 24.9702Dividend: 22.9858Direct Plan$ Growth: 12.4809Dividend: 11.8915Benchmark: CRISIL Balanced Fund - Aggressive IndexMonthly Average AUM: ` 3.32 CroresAUM as on last day: ` 3.21 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: If redeemed on or before365 days from the date of allotment: 1%. If redeemed after 365 days from the date of allotment: NIL**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterExpense Ratio:Regular 1.35Direct 1.30

Birla Sun Life Asset Allocator Multi Manager FoF Scheme(erstwhile ING Asset Allocator Multi Manager FoF Scheme. Name changed w.e.f October 11, 2014)An Open ended Fund of Funds Scheme


Birla Sun Life Short Term Fund Grwth - Direct Plan 32.79%

IDFC Dynamic Bond Fund-Direct Plan-Growth 19.17%

MOSt Focused Multicap 35-Direct Plan-Growth Option 16.36%

Birla Sun Life Frontline Eq Fd - Gr - Direct Plan 9.89%

SBI Blue Chip Fund-Direct Plan -Growth 7.58%

Mirae Asset India Opp'ties Fund-Direct Plan-Growth 5.80%






NAV Per Unit. *

(`)

Birla SunLife AssetAllocator

MultiManager FoFScheme (%)

CRISILBalanced


S&P BSESENSEX ##

(%)


Birla SunLife AssetAllocator

MultiManager FoFScheme (`)

CRISILBalanced








SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1250000 600000 360000 120000Market Value of amount Invested 1972330 851057 432953 127564Scheme Returns (CAGR) 8.46 13.96 12.37 11.94CRISIL Balanced Fund - Aggressive Index returns# (CAGR) 8.68 8.92 6.05 5.69S&P BSE SENSEX returns## (CAGR) 7.46 6.97 1.68 1.10Date of First Installment: September 01, 2006 & Scheme Inception Date: August 17, 2006 . Past Performance may or may not be sustained in future.



3.73%

4.68%

91.59%



Mutual Fund Units

62

An open ended fund-of-funds Scheme following the financial planning discipline with exposure to equity, debt and gold funds. It is suitable for investors with aggressive risk profile. It aims to provide long term capital appreciation. (Please consult your financial advisor for your risk profile)



SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 19.2147Dividend: 17.5860Direct Plan$ Growth: 19.6961Dividend: 18.0528Benchmark: 70% Nifty 50 + 15% CRISILLiquid Fund index + 10% CRISIL Composite Bond Fund index + 5% INR price of GoldMonthly Average AUM: ` 120.68 CroresAUM as on last day: ` 121.08 Crores(as on 28th February 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch outof units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other ParameterExpense Ratio:Regular 1.33Direct 0.58

Birla Sun Life Financial Planning FOF - Aggressive Plan(erstwhile ING Financial Planning Fund - Aggressive Plan. Name changed w.e.f October 11, 2014)An Open ended Fund of Funds Scheme


MOSt Focused Multicap 35-Direct Plan-Growth Option 16.31%Birla Sun Life Advantage Fund - Gr - Dir Pl 15.12%Birla Sun Life Frontline Eq Fd - Gr - Direct Plan 13.90%Birla Sun Life Cash Plus - Growth - Direct Plan 12.82%Mirae Asset India Opp'ties Fund-Direct Plan-Growth 12.67%SBI Blue Chip Fund-Direct Plan -Growth 11.97%Birla Sun Life MediumTerm Plan -Gr - Direct Plan 5.96%R*Shares Gold BeES 2.58%IDFC Dynamic Bond Fund-Direct Plan-Growth 2.56%Birla Sun Life Short Term Fund Grwth - Direct Plan 2.15%




NAV Per Unit. *

(`)


FOFAggressivePlan (%)

70% Nifty50 + 15%




Gold # (%)

CRISIL10

YearGilt

Index ## (%)

S&PBSE

SENSEX ## (%)

Value of Standard Investment of ` 10000 inBirla

Sun LifeFinancialPlanning

FOFAggressive

Plan (`)

70% Nifty 50 +15% CRISILLiquid Fundindex + 10%


index +5% INR priceof Gold # (`)

CRISIL10 Year

GiltIndex ## (`)

S&PBSE

SENSEX ## (`)

Since inception till December 30, 2016 (CAGR) 10.0000 10.72 7.45 8.50 6.63 17779 15011 15852 14370December 31, 2015 to December 30, 2016 (Absolute) 16.5392 7.49 5.08 14.97 1.95 10749 10508 11497 10195December 31, 2014 toDecember 31, 2015 (Absolute) 15.8352 4.45 -1.27 7.39 -5.03 10445 9873 10739 9497December 31, 2013 toDecember 31, 2014 (Absolute) 11.5498 37.10 24.35 14.14 29.89 13710 12435 11414 12989# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Shravan Sreenivasula is 6. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 680000 600000 360000 120000Market Value of amount Invested 963635 819348 413004 123199Scheme Returns (CAGR) 12.21 12.43 9.14 5.0070% Nifty 50 + 15% CRISIL Liquid Fund index + 10% CRISIL Composite Bond Fund index + 5% INR price of Gold returns# (CAGR)

7.71 7.55 4.26 3.12

CRISIL 10 Year Gilt Index returns# (CAGR) 9.87 10.21 12.60 15.90S&P BSE SENSEX returns## (CAGR) 7.23 6.97 1.68 1.10Date of First Installment: June 01, 2011 & Scheme Inception Date: May 09, 2011 . Past Performance may or may not be sustained in future.


1.63%

0.67%

4.23%

93.47%




Mutual Fund Units



Birla Sun Life Capital Protection Oriented Fund - Series 19 - Regular Plan

Date of Inception: Mar 06, 2014Fund Manager: Mr. Prasad Dhonde / Mr. Vineet MalooNAV (as on 30th December 2016): ` 12.3763

NAV Per Unit. *

(`)

Birla Sunlife CapitalProtectionOriented- Series 19 (%)

CRISIL MIP Blended

Index # (%)


(%)


Birla Sunlife CapitalProtectionOriented

- Series 19 (`)

CRISIL MIP Blended

Index # (`)

CRISIL 1Year T-BillIndex ## (`)




# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns.Total Schemes Co-Managed by Fund Managers is 9. Total Schemes managed by Mr. Prasad Dhonde is 21. Total Schemes managed by Mr. Vineet Maloo is 16. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers.The Scheme offered is “oriented towards protection of capital” and “not with guaranteed returns”. The orientation towards protection of the capital originates from the portfolio structure of the scheme and not from any bank guarantee, insurance cover, etc.


Date of Inception: Apr 30, 2014Fund Manager: Mr. Prasad Dhonde / Mr. Vineet MalooNAV (as on 30th December 2016): ` 12.1662

NAV Per Unit. *

(`)


CRISIL MIP Blended

Index # (%)


(%)



- Series 20 (`)

CRISIL MIP Blended

Index # (`)







Date of Inception: Jun 09, 2014Fund Manager: Mr. Prasad Dhonde / Mr. Vineet MalooNAV (as on 30th December 2016): ` 11.7729

NAV Per Unit. *

(`)


CRISIL MIP Blended

Index # (%)


(%)



- Series 21 (`)

CRISIL MIP Blended

Index # (`)







Date of Inception: Aug 13, 2014Fund Manager: Mr. Prasad Dhonde / Mr. Vineet MalooNAV (as on 30th December 2016): ` 11.6919

NAV Per Unit. *

(`)


CRISIL MIP Blended

Index # (%)


(%)



- Series 22 (`)

CRISIL MIP Blended

Index # (`)







Date of Inception: Sep 18, 2014Fund Manager: Mr. Prasad Dhonde / Mr. Vineet MalooNAV (as on 30th December 2016): ` 11.4812

NAV Per Unit. *

(`)


CRISIL MIP Blended

Index # (%)


(%)



- Series 23 (`)

CRISIL MIP Blended

Index # (`)






Close Ended Scheme Performance

64


Date of Inception: Nov 26, 2014Fund Manager: Mr. Prasad Dhonde / Mr. Ajay GargNAV (as on 30th December 2016): ` 10.0825

NAV Per Unit. *

(`)


CRISIL MIP Blended

Index # (%)


(%)



- Series 25 (`)

CRISIL MIP Blended

Index # (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns.Total Schemes Co-Managed by Fund Managers is 3. Total Schemes managed by Mr. Prasad Dhonde is 21. TotalSchemes managed by Mr. Ajay Garg is 8. Refer annexure on page no. 67 to know more on performance of schemesmanaged by Fund Managers.The Scheme offered is “oriented towards protection of capital” and “not with guaranteed returns”. The orientation towards protection of the capital originates from the portfolio structure of the scheme and not from any bank guarantee, insurance cover, etc.


Date of Inception: Mar 30, 2015Fund Manager: Mr. Prasad Dhonde / Mr. Ajay GargNAV (as on 30th December 2016): ` 9.9996

NAV Per Unit. *

(`)


CRISIL MIP Blended

Index # (%)


(%)



- Series 26 (`)

CRISIL MIP Blended

Index # (`)




# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns.Total Schemes Co-Managed by Fund Managers is 3. Total Schemes managed by Mr. Prasad Dhonde is 21. TotalSchemes managed by Mr. Ajay Garg is 8. Refer annexure on page no. 67 to know more on performance of schemesmanaged by Fund Managers.The Scheme offered is “oriented towards protection of capital” and “not with guaranteed returns”. The orientation towards protection of the capital originates from the portfolio structure of the scheme and not from any bank guarantee, insurance cover, etc.


Date of Inception: Dec 10, 2015Fund Manager: Mr. Prasad Dhonde / Mr. Vineet MalooNAV (as on 30th December 2016): ` 10.8709

NAV Per Unit. *

(`)


CRISIL MIP Blended

Index # (%)


(%)



- Series 29 (`)

CRISIL MIP Blended

Index # (`)





Birla Sun Life Emerging Leaders Fund - Series 1 - Regular Plan - Growth

Date of Inception: May 09, 2014Fund Manager: Mr. Jayesh GandhiNAV (as on 30th December 2016): ` 17.1900

NAV Per Unit. *

(`)

Birla Sun Life Emerging

Leaders Fund - Series 1 (%)

S&P BSE MidCap # (%)

Nifty 50 ##(%)



Leaders Fund - Series 1 (`)

S&P BSE MidCap

# (`)

Nifty 50 ## (`)




# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns.Total Schemes managed by Mr. Jayesh Gandhi is 5. Refer annexure on page no. 67 to know more on performance ofschemes managed by Fund Managers.


Date of Inception: Jul 08, 2014Fund Manager: Mr. Mahesh Patil & Mr. Milind BafnaNAV (as on 30th December 2016): ` 10.6900

NAV Per Unit. *

(`)




Nifty 50 ##(%)




S&P BSE MidCap

# (`)

Nifty 50 ## (`)




# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns.Total Schemes Co-Managed by Fund Managers is 3. Total Schemes managed by Mr. Mahesh Patil is 8. Total Schemesmanaged by Mr. Milind Bafna is 4. Refer annexure on page no. 67 to know more on performance of schemes managedby Fund Managers.


Date of Inception: Aug 06, 2014Fund Manager: Mr. Mahesh Patil & Mr. Milind BafnaNAV (as on 30th December 2016): ` 13.1900

NAV Per Unit. *

(`)




Nifty 50 ##(%)




S&P BSE MidCap

# (`)

Nifty 50 ## (`)




# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns.Total Schemes Co-Managed by Fund Managers is 3. Total Schemes managed by Mr. Mahesh Patil is 8. Total Schemesmanaged by Mr. Milind Bafna is 4. Refer annexure on page no. 67 to know more on performance of schemes managedby Fund Managers.


Date of Inception: Jan 01, 2015Fund Manager: Mr. Jayesh GandhiNAV (as on 30th December 2016): ` 11.6000

NAV Per Unit. *

(`)




Nifty 50 ##(%)




S&P BSE MidCap

# (`)

Nifty 50 ## (`)

Since inception till December 30, 2016 (CAGR) 10.0000 7.71 7.36 -0.60 11600 11524 9881


# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns.Total Schemes managed by Mr. Jayesh Gandhi is 5. Refer annexure on page no. 67 to know more on performance ofschemes managed by Fund Managers.


Date of Inception: Apr 17, 2015Fund Manager: Mr. Satyabrata MohantyNAV (as on 30th December 2016): ` 10.8100

NAV Per Unit. *

(`)




Nifty 50 ##(%)




S&P BSE MidCap

# (`)

Nifty 50 ## (`)



# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Satyabrata Mohanty is 12. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers.





Date of Inception: Jun 05, 2014Fund Manager: Mr. Mahesh PatilNAV (as on 30th December 2016): ` 13.5600

NAV Per Unit. *

(`)




Nifty 50 ##(%)




S&P BSE MidCap

# (`)

Nifty 50 ## (`)




# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns.Total Schemes managed by Mr. Mahesh Patil is 8. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers.

Birla Sun Life Focused Equity Fund - Series 3 - Regular Plan - Growth

Date of Inception: Oct 30, 2014Fund Manager: Mr. Anil ShahNAV (as on 30th December 2016): ` 10.7700

NAV Per Unit. *

(`)

Birla Sun Life Focused Equity Fund -

Series 3 (%)

Nifty 100 # (%)

Nifty 50 ##(%)


Birla Sun Life Focused Equity Fund - Series

3 (`)

Nifty 100 # (`)

Nifty 50 ## (`)



December 31, 2014 to December 31, 2015 (Absolute) 10.3800 0.48 -2.41 -4.06 10048 9759 9594

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns.Total Schemes managed by Anil Shah is 7. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers.


Date of Inception: Mar 26, 2014Fund Manager: Mr. Anil ShahNAV (as on 30th December 2016): ` 14.3300

NAV Per Unit. *

(`)


Series 2 (%)

Nifty 100 # (%)

Nifty 50 ##(%)



2 (`)

Nifty 100 # (`)

Nifty 50 ## (`)





Performance details for close ended Capital Protection Oriented Schemes with less than 1 year of existence have not been disclosed.Schemes mentioned in order of performance for the period December 31, 2015 - December 30, 2016. Due to inherent difference in nature of schemes above (i.e. equity, hybrid, debt schemes) as may be managed by Fund Manager, performance of such schemes may not be strictly comparable. Further, for the schemes in existence for less than a year, the past performance details have not been provided. Further, performance of Fixed Term Plans (FTPs) / Fixed Maturity Plans (FMP) / Interval Income Schemes are not considered above, as FMPs / FTPs / Interval Income Schemes are close ended / interval schemes of varying maturities and performance of such schemes may not be strictly comparable with open ended schemes managed by Fund Managers.


66


Date of Inception: Dec 19, 2014Fund Manager: Mr. Anil ShahNAV (as on 30th December 2016): ` 10.3700

NAV Per Unit. *

(`)


Series 4 (%)

Nifty 100 # (%)

Nifty 50 ##(%)



4 (`)

Nifty 100 # (`)

Nifty 50 ## (`)



December 31, 2014 to December 31, 2015 (Absolute) 10.0100 0.40 -2.41 -4.06 10040 9759 9594



Date of Inception: Mar 25, 2015Fund Manager: Mr. Anil ShahNAV (as on 30th December 2016): ` 9.9200

NAV Per Unit. *

(`)


Series 5 (%)

Nifty 100 # (%)

Nifty 50 ##(%)



5 (`)

Nifty 100 # (`)

Nifty 50 ## (`)

Since inception till December 30, 2016 (CAGR) 10.0000 -0.45 -1.09 -2.31 9920 9808 9596




Date of Inception: Oct 16, 2015Fund Manager: Mr. Satyabrata MohantyNAV (as on 30th December 2016): ` 10.7000

NAV Per Unit. *

(`)


Series 6 (%)

Nifty 100 # (%)

Nifty 50 ##(%)



6 (`)

Nifty 100 # (`)

Nifty 50 ## (`)



# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Satyabrata Mohanty is 12. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers.

The Fund Manager-wise Scheme Details appearing above are As on February 28, 2017.

Fund Manager-wise Scheme Details

Sr.no Funds Managed By Mr. Prasad Dhonde Refer

page No1 Birla Sun Life Capital Protection Oriented Fund - Series 19$ 642 Birla Sun Life Capital Protection Oriented Fund - Series 20$ 643 Birla Sun Life Capital Protection Oriented Fund - Series 21$ 644 Birla Sun Life Capital Protection Oriented Fund - Series 22$ 645 Birla Sun Life Capital Protection Oriented Fund - Series 23$ 646 Birla Sun Life Capital Protection Oriented Fund - Series 25# 647 Birla Sun Life Capital Protection Oriented Fund - Series 26# 648 Birla Sun Life Capital Protection Oriented Fund - Series 29# 64

9 Birla Sun Life Constant Maturity 10 Year Gilt Fund@

(erstwhile Birla Sun Life Gilt Plus – Regular Plan)16

10 Birla Sun Life Balanced Advantage Fund$ 3511 Birla Sun Life Floating Rate Fund - Long Term Plan@ 712 Birla Sun Life Gilt Plus - PF Plan@ 1813 Birla Sun Life Gold ETF 60

14 Birla Sun Life Government Securities Fund - Long Term Plan@

17

15 Birla Sun Life Income Plus 1516 Birla Sun Life Short Term Fund 9

17 Birla Sun Life Treasury Optimizer Plan@

(erstwhile Birla Sun Life Ultra Short Term Fund) 11# Funds co-managed by Mr. Ajay Garg$ Funds co-managed by Mr. Vineet Maloo@ Funds co-managed by Mr. Kaustubh Gupta$ Funds co-managed by Mr. Dhaval Shah

Sr.no Funds Managed By Mr. Chanchal Khandelwal Refer

page No1 Birla Sun Life India GenNext Fund* 53

*Funds co-managed by Mr. Anil Shah

Sr.no Funds Managed By Mr. Kunal Sangoi Refer

page No1 Birla Sun Life India Opportunities Fund 542 Birla Sun Life New Millennium Fund 52

Sr.no Funds Managed By Mr. Dhaval Gala Refer

page No1 Birla Sun Life Banking and Financial Services Fund@ 47

@ Funds co-managed by Mr. Satyabrata Mohanty

Sr.no Funds Managed By Mr. Kaustubh Gupta Refer

page No1 Birla Sun Life Cash Manager# 52 Birla Sun Life Cash Plus# 3

3 Birla Sun Life Constant Maturity 10 Year Gilt Fund$

(erstwhile Birla Sun Life Gilt Plus – Regular Plan) 16

4 Birla Sun Life Floating Rate Fund - Long Term Plan$ 75 Birla Sun Life Floating Rate Fund - Short Term Plan# 46 Birla Sun Life Gilt Plus - PF Plan$ 187 Birla Sun Life Government Securities Fund -Long Term Plan$ 178 Birla Sun Life Savings Fund# 69 Birla Sun Life Short Term Opportunities Fund# 10

10 Birla Sun Life Treasury Optimizer Plan$

(erstwhile Birla Sun Life Ultra Short Term Fund) 11# Funds co-managed by Ms. Sunaina Da Cunha $ Funds co-managed by Mr. Prasad Dhonde

Sr.no Funds Managed By Mr. Ajay Garg Refer

page No1 Birla Sun Life Capital Protection Oriented Fund - Series 25# 642 Birla Sun Life Capital Protection Oriented Fund - Series 26# 643 Birla Sun Life Index Fund 374 Birla Sun Life MNC Fund 425 Birla Sun Life Tax Plan 296 Birla Sun Life Tax Relief ‘96 287 Birla Sun Life Tax Savings Fund 30

# Funds co-managed by Mr. Prasad Dhonde

Sr.no Funds Managed By Mr. Mahesh Patil Refer

page No1 Birla Sun Life Balanced ‘95 Fund#^ 362 Birla Sun Life Emerging Leaders Fund - Series 2 653 Birla Sun Life Emerging Leaders Fund - Series 3@ 654 Birla Sun Life Emerging Leaders Fund - Series 4@ 655 Birla Sun Life Frontline Equity Fund 386 Birla Sun Life Infrastructure Fund 517 Birla Sun Life Pure Value Fund@ 458 Birla Sun Life Top 100 Fund 39

# Funds co-managed by Mr. Pranay Sinha@ Funds co-managed by Mr. Milind Bafna^ Funds co-managed by Mr. Dhaval Shah Sr.

no Funds Managed By Mr. Satyabrata Mohanty Refer page No

1 Birla Sun Life Advantage Fund 412 Birla Sun Life Banking and Financial Services Fund@ 473 Birla Sun Life Dividend Yield Plus# 484 Birla Sun Life Emerging Leaders Fund - Series 6 655 Birla Sun Life Equity Savings Fund*^ 346 Birla Sun Life Focused Equity Fund - Series 6 667 Birla Sun Life India Reforms Fund 508 Birla Sun Life MIP II - Savings 5 Plan*# 239 Birla Sun Life MIP II - Wealth 25 Plan*# 2610 Birla Sun Life Special Situations Fund 49

* Funds co-managed by Mr. Pranay Sinha # Funds co-managed by Mr. Vineet Maloo^ Funds co-managed by Mr. Lovelish Solanki@ Funds co-managed by Mr. Dhaval Gala

Sr.no Funds Managed By Mr. Jayesh Gandhi Refer

page No1 Birla Sun Life Emerging Leaders Fund - Series 1 652 Birla Sun Life Emerging Leaders Fund - Series 5 653 Birla Sun Life Midcap Fund 434 Birla Sun Life Small & Midcap Fund 44

Sr.no Funds Managed By Mr. Vineet Maloo Refer

page No1 Birla Sun Life Capital Protection Oriented Fund - Series 19# 642 Birla Sun Life Capital Protection Oriented Fund - Series 20# 643 Birla Sun Life Capital Protection Oriented Fund - Series 21# 644 Birla Sun Life Capital Protection Oriented Fund - Series 22# 645 Birla Sun Life Capital Protection Oriented Fund - Series 23# 646 Birla Sun Life Capital Protection Oriented Fund - Series 29# 647 Birla Sun Life Dividend Yield Plus* 488 Birla Sun Life Balanced Advantage Fund# 359 Birla Sun Life International Equity Fund - Plan A 55

10 Birla Sun Life International Equity Fund - Plan B 5611 Birla Sun Life MIP@ 24

Sr.no Funds Managed By Mr. Milind Bafna Refer

page No1 Birla Sun Life Commodity Equities Fund - Global Agri Plan

(GAP) 57

2 Birla Sun Life Emerging Leaders Fund - Series 3* 653 Birla Sun Life Emerging Leaders Fund - Series 4* 654 Birla Sun Life Pure Value Fund* 45

* Funds co-managed by Mr. Mahesh Patil

Sr.no Funds Managed By Ms. Sunaina Da Cunha Refer

page No1 Birla Sun Life Cash Manager* 52 Birla Sun Life Cash Plus* 33 Birla Sun Life Floating Rate Fund - Short Term Plan* 44 Birla Sun Life Savings Fund* 65 Birla Sun Life Short Term Opportunities Fund* 10

* Funds co-managed by Mr. Kaustubh Gupta

Sr.no Funds Managed By Mr. Lovelish Solanki Refer

page No1 Birla Sun Life Enhanced Arbitrage Fund 82 Birla Sun Life Equity Savings Fund*@ 34

* Funds co-managed by Mr. Satyabrata Mohanty@ Funds co-managed by Mr. Pranay Sinha

Sr.no Funds Managed By Mr. Pranay Sinha Refer

page No1 Birla Sun Life Balanced ‘95 Fund@$ 362 Birla Sun Life Equity Savings Fund#^ 343 Birla Sun Life MIP* 244 Birla Sun Life MIP II - Savings 5 Plan*# 235 Birla Sun Life MIP II - Wealth 25 Plan*# 266 Birla Sun Life Monthly Income* 25

* Funds co-managed by Mr. Vineet Maloo @ Funds co-managed by Mr. Mahesh Patil# Funds co-managed by Mr. Satyabrata Mohanty^ Funds co-managed by Mr. Lovelish Solanki$ Funds co-managed by Mr. Dhaval Shah

Sr.no Funds Managed By Mr. Anil Shah Refer

page No1 Birla Sun Life Equity Fund 402 Birla Sun Life Focused Equity Fund - Series 2 653 Birla Sun Life Focused Equity Fund - Series 3 654 Birla Sun Life Focused Equity Fund - Series 4 665 Birla Sun Life Focused Equity Fund - Series 5 666 Birla Sun Life India GenNext Fund* 537 Birla Sun Life Manufacturing Equity Fund 46

* Funds co-managed by Mr. Chanchal Khandelwal

Sr.no Funds Managed By Mr. Maneesh Dangi Refer

page No1 Birla Sun Life Corporate Bond Fund 132 Birla Sun Life Dynamic Bond Fund 143 Birla Sun Life Medium Term Plan 12

Sr.no Funds Managed By Mr. Shravan Sreenivasula Refer

page No1 Birla Sun Life Active Debt Multi Manager FoF Scheme 192 Birla Sun Life Asset Allocator Multi Manager FoF Scheme 623 Birla Sun Life Financial Planning FOF - Aggressive Plan 634 Birla Sun Life Financial Planning FOF - Conservative Plan 205 Birla Sun Life Financial Planning FOF - Prudent Plan 216 Birla Sun Life Global Commodities Fund 587 Birla Sun Life Global Real Estate Fund 598 Birla Sun Life Gold Fund 61

Sr.no Funds Managed By Mr. Vineet Maloo Refer

page No12 Birla Sun Life MIP II - Savings 5 Plan*@ 2313 Birla Sun Life MIP II - Wealth 25 Plan*@ 2614 Birla Sun Life Monthly Income@ 25

* Funds co-managed by Mr. Satyabrata Mohanty# Funds co-managed by Mr. Prasad Dhonde@ Funds co-managed by Mr. Pranay Sinha



Sr.no Funds Managed By Mr. Dhaval Shah Refer

page No1 Birla Sun Life Balanced ‘95 Fund@$ 36

@ Funds co-managed by Mr. Mahesh Patil$ Funds co-managed by Mr. Pranay Sinha

Portfolio

Savings Solutions

Birla Sun Life Cash PlusAllocation as a % of Net Assets Rating %Kotak Mahindra Bank Limited 4.03%IndusInd Bank Limited CRISIL A1+ 3.79%Axis Bank Limited 3.25%56 Days CMB bill (MD 06/03/2017) SOV 3.15%Housing Development Finance Corporation Limited ICRA A1+ 2.41%Housing Development Finance Corporation Limited ICRA A1+ 2.41%National Fertilizers Limited ICRA A1+ 2.30%7.49% GOI 2017 (M/D. 16.04.2017) SOV 2.27%Vedanta Limited CRISIL A1+ 1.98%ECL Finance Ltd ICRA AA 1.65%Vedanta Limited CRISIL A1+ 1.62%IndusInd Bank Limited CRISIL A1+ 1.61%IDFC Bank Limited ICRA A1+ 1.34%Axis Bank Limited ICRA A1+ 1.34%Axis Bank Limited ICRA A1+ 1.34%Shriram Transport Finance Company Limited CRISIL A1+ 1.32%Tata Capital Financial Services Ltd ICRA A1+ 1.07%Nabha Power Ltd ICRA A1+ 1.01%Deutsche Bank AG 0.95%Bajaj Finance Limited CRISIL A1+ 0.94%Reliance Capital Limited ICRA A1+ 0.93%JSW Steel Limited CARE A1+ 0.81%Tata Motors Finance Ltd ICRA A1+ 0.81%IDFC Bank Limited ICRA A1+ 0.80%India Infoline Finance Ltd ICRA A1+ 0.80%Tata Motors Finance Solutions Ltd CRISIL A1+ 0.80%Talwandi Sabo Power Ltd CRISIL A1+(SO) 0.80%Talwandi Sabo Power Ltd CRISIL A1+(SO) 0.77%Vedanta Limited CRISIL A1+ 0.74%91 Days Tbill (MD 23/03/2017) SOV 0.72%Shriram Transport Finance Company Limited IND AA+ 0.68%Steel Authority of India Limited CARE A1+ 0.67%Shriram Transport Finance Company Limited CRISIL A1+ 0.66%Reliance Capital Limited CARE AAA 0.65%91 Days Tbill (MD 16/03/2017) SOV 0.63%49 Days CMB (MD 03/03/2017) SOV 0.62%Vedanta Limited CRISIL A1+ 0.59%Novo Ahan 2017 Trust ICRA A1+(SO) 0.58%Tata Capital Financial Services Ltd CRISIL AA+ 0.56%Tata Capital Housing Finance Ltd CRISIL A1+ 0.55%Shriram Transport Finance Company Limited IND AA+ 0.54%Rural Electrification Corporation Limited CRISIL AAA 0.54%Abu Dhabi Commercial Bank (ADCB) CRISIL A1+ 0.54%STCI Finance Limited CRISIL A1+ 0.54%Family Credit Ltd CARE A1+ 0.54%Vedanta Limited CRISIL A1+ 0.54%Family Credit Ltd CARE A1+ 0.54%The South Indian Bank Limited CARE A1+ 0.54%Deutsche Investments India Pvt Ltd CRISIL A1+ 0.53%91 Days Tbill (MD 09/03/2017) SOV 0.53%Tata Power Company Limited ICRA A1+ 0.53%Axis Finance Limited IND A1+ 0.53%Power Finance Corporation Limited ICRA AAA 0.49%Bajaj Finance Limited CRISIL A1+ 0.47%IL&FS Financial Services Ltd CARE A1+ 0.47%Steel Authority of India Limited CARE A1+ 0.47%HDB Financial Services Ltd CARE A1+ 0.47%Housing Development Finance Corporation Limited ICRA A1+ 0.44%Cholamandalam Investment and Finance Company Limited ICRA AA 0.41%Deutsche Investments India Pvt Ltd CRISIL A1+ 0.41%Adani Transmission Limited IND A1+ 0.40%GIC Housing Finance Limited ICRA A1+ 0.40%Talwandi Sabo Power Ltd CRISIL A1+(SO) 0.40%Tata Power Renewable Energy Ltd CRISIL A1+(SO) 0.39%L&T Vrindavan Properties Ltd CARE AA+(SO) 0.34%Vedanta Limited CRISIL A1+ 0.34%HDB Financial Services Ltd CARE A1+ 0.34%Kotak Mahindra Prime Ltd CRISIL A1+ 0.34%Reliance Jio Infocomm Limited CARE A1+ 0.33%National Bank For Agriculture and Rural Development CARE A1+ 0.28%Shapoorji Pallonji and Company Private Ltd ICRA A1+ 0.27%Piramal Finance Private Limited ICRA A1+ 0.27%Chennai Petroleum Corporation Limited ICRA A1+ 0.27%Talwandi Sabo Power Ltd CRISIL A1+(SO) 0.27%Piramal Finance Private Limited ICRA A1+ 0.27%JM Financial Products Ltd ICRA A1+ 0.27%Piramal Finance Private Limited ICRA A1+ 0.27%IndusInd Bank Limited CRISIL A1+ 0.27%Talwandi Sabo Power Ltd CRISIL A1+(SO) 0.27%Sundaram Finance Limited ICRA A1+ 0.27%Kotak Mahindra Prime Ltd ICRA A1+ 0.27%Hero Fincorp Limited CRISIL A1+ 0.27%Tata Power Company Limited ICRA A1+ 0.27%Tata Motors Finance Ltd ICRA A1+ 0.27%Export Import Bank of India CRISIL A1+ 0.27%GIC Housing Finance Limited ICRA A1+ 0.27%IndusInd Bank Limited CRISIL A1+ 0.27%Export Import Bank of India CRISIL A1+ 0.26%Indiabulls Housing Finance Limited CARE AAA 0.24%Godrej Properties Limited ICRA A1+ 0.23%Godrej Properties Limited ICRA A1+ 0.21%Godrej Properties Limited ICRA A1+ 0.20%Can Fin Homes Limited ICRA A1+ 0.20%

Edelweiss Commodities Services Ltd CRISIL A1+ 0.20%Tata Cleantech Capital Ltd CRISIL A1+ 0.20%Magma Fincorp Limited CARE A1+ 0.20%Credila Financial Services Pvt Ltd ICRA A1+ 0.20%ONGC Mangalore Petrochemicals Ltd ICRA A1+ 0.20%JM Financial Credit Solution Limited ICRA A1+ 0.20%Mahindra & Mahindra Financial Services Limited IND A1+ 0.19%Fedbank Financial Services Ltd CRISIL A1+ 0.18%Dalmia Bharat Limited CARE A1+ 0.14%Vedanta Limited CRISIL A1+ 0.14%Corporation Bank CRISIL A1+ 0.14%JM Financial Products Ltd ICRA A1+ 0.14%Network18 Media & Investments Limited ICRA A1+ 0.14%Fedbank Financial Services Ltd CRISIL A1+ 0.14%Sadbhav Engineering Limited CARE A1+ 0.14%Magma Fincorp Limited CARE A1+ 0.14%Piramal Finance Private Limited ICRA A1+ 0.14%Barclays Invest & Loans India Ltd ICRA A1+ 0.14%Credila Financial Services Pvt Ltd ICRA A1+ 0.14%ICICI Securities Ltd CRISIL A1+ 0.14%Tata Capital Housing Finance Ltd CRISIL A1+ 0.14%Dalmia Bharat Limited CARE A1+ 0.14%IL & FS Education and Technology Services Ltd CARE A1+ 0.13%Volkswagen Finance Pvt Ltd IND A1+ 0.13%IL & FS Education and Technology Services Ltd CARE A1+ 0.13%STCI Finance Limited CRISIL A1+ 0.11%Fedbank Financial Services Ltd CRISIL A1+ 0.08%Tata Capital Financial Services Ltd CRISIL AA+ 0.07%Cholamandalam Investment and Finance Company Limited ICRA AA 0.07%Rural Electrification Corporation Limited CRISIL AAA 0.07%Sundaram Finance Limited ICRA AA+ 0.07%Tata Capital Financial Services Ltd CRISIL AA+ 0.07%IL & FS Education and Technology Services Ltd CARE A1+ 0.07%Magma Housing Finance CRISIL A1+ 0.07%National Housing Bank ICRA A1+ 0.07%Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.05%Dena Bank CRISIL A1+ 0.05%JM Financial Services Ltd ICRA A1+ 0.04%Yes Bank Limited ICRA A1+ 0.03%Tata Motors Limited CARE AA+ 0.03%Housing Development Finance Corporation Limited CRISIL AAA 0.01%Power Grid Corporation of India Limited CRISIL A1+ 0.01%91 Days Tbill (MD 30/03/2017) SOV 0.01%LIC Housing Finance Limited CRISIL AAA 0.01%91 Days Tbill (MD 11/05/2017) SOV 0.00%REC_6.33 & PAY_FLOAT_17/05/2017 HSBCBK 0.00%REC_6.3475 & PAY_FLOAT_15/05/2017 HSBCBK 0.00%REC_6.345 & PAY_FLOAT_15/05/2017 HSBCBK 0.00%REC_6.34 & PAY_FLOAT_15/05/2017 HSBCBK 0.00%REC_6.33 & PAY_FLOAT_25/05/2017 HSBCBK 0.00%REC_6.195 & PAY_FLOAT_09/05/2017 HSBCBK 0.00%REC_6.1925 & PAY_FLOAT_08/05/2017 HSBCBK 0.00%

Cash & Current Assets 21.60%Total 100.00%

Birla Sun Life Floating Rate Fund - Short Term Plan

Allocation as a % of Net Assets Rating %Power Finance Corporation Limited CRISIL AAA 6.52%IndusInd Bank Limited CRISIL A1+ 5.59%56 Days CMB bill (MD 06/03/2017) SOV 4.94%The South Indian Bank Limited CARE A1+ 4.43%Kotak Mahindra Bank Limited CRISIL A1+ 4.36%National Fertilizers Limited ICRA A1+ 3.36%Family Credit Ltd CARE A1+ 3.35%Muthoot Finance Limited CRISIL A1+ 3.32%Housing Development Finance Corporation Limited ICRA A1+ 3.32%Magma Fincorp Limited CRISIL A1+ 2.81%Hero Fincorp Limited CRISIL A1+ 2.79%Piramal Enterprises Limited ICRA AA 2.25%Tata Housing Development Co Ltd CARE A1+ 2.24%Adani Enterprises Limited BWR A1+ 2.24%IL&FS Financial Services Ltd CARE A1+ 2.24%Adani Enterprises Limited BWR A1+ 2.24%Family Credit Ltd CARE A1+ 2.24%Family Credit Ltd CARE A1+ 2.24%Adani Enterprises Limited BWR A1+ 2.24%Sadbhav Engineering Limited CARE A1+ 2.23%Housing Development Finance Corporation Limited ICRA A1+ 2.22%RBL Bank Limited ICRA A1+ 2.22%RBL Bank Limited ICRA A1+ 2.22%Magma Housing Finance CRISIL A1+ 1.68%Shapoorji Pallonji and Company Private Ltd ICRA A1+ 1.67%NTPC Limited ICRA A1+ 1.66%Godrej Properties Limited ICRA A1+ 1.55%Reliance Capital Limited CARE AAA 1.33%Shriram Transport Finance Company Limited IND AA+ 1.12%

National Bank For Agriculture and Rural Development CARE A1+ 1.11%Talwandi Sabo Power Ltd CRISIL A1+(SO) 1.11%Power Finance Corporation Limited CRISIL AAA 0.56%Sundaram Finance Limited ICRA AA+ 0.56%ICICI Bank Limited ICRA A1+ 0.56%Shapoorji Pallonji and Company Private Ltd ICRA A1+ 0.56%LIC Housing Finance Limited CRISIL AAA 0.11%Housing Development Finance Corporation Limited CRISIL AAA 0.11%91 Days Tbill (MD 23/03/2017) SOV 0.11%Vijaya Bank CARE A1+ 0.09%63 Days CMB (MD 14/03/2017) SOV 0.02%REC_6.335 & PAY_FLOAT_17/05/2017 HSBCBK 0.00%Cash & Current Assets 14.48%Total 100.00%

Birla Sun Life Cash ManagerAllocation as a % of Net Assets Rating %Tata Power Company Limited ICRA AA 8.10%Reliance Jio Infocomm Limited CRISIL AAA 6.39%National Bank For Agriculture and Rural Development CRISIL AAA 2.97%Small Industries Dev Bank of India CARE AAA 2.64%Tata Capital Financial Services Ltd CRISIL AA+ 2.62%Shriram Transport Finance Company Limited CRISIL AA+ 2.16%Housing Development Finance Corporation Limited CRISIL AAA 2.15%Indiabulls Housing Finance Limited CARE AAA 2.14%Tata Sons Ltd CRISIL AAA 2.13%8.46% Maharashtra SDL (MD 12/03/2019) SOV 2.00%S.D. Corporation Pvt. Ltd ICRA AA+(SO) 1.94%Export Import Bank of India CRISIL AAA 1.70%Tata Capital Financial Services Ltd CRISIL AA+ 1.64%Power Finance Corporation Limited CRISIL AAA 1.64%Power Finance Corporation Limited CRISIL AAA 1.63%Indiabulls Housing Finance Limited CARE AAA 1.53%ONGC Petro Additions Ltd CARE AAA(SO) 1.52%Cholamandalam Investment and Finance Company Limited ICRA AA 1.43%8.85% Punjab SDL (MD 09/07/2019) SOV 1.35%8.46% Rajashthan SDL (18/03/2019) SOV 1.33%8.39% Rajasthan UDAY Bond SDL (MD 15/03/2019) SOV 1.33%Fullerton India Credit Co Ltd ICRA AA+ 1.31%Shriram Transport Finance Company Limited CRISIL AA+ 1.30%Cholamandalam Investment and Finance Company Limited ICRA AA 1.30%Indiabulls Housing Finance Limited CARE AAA 1.30%Piramal Enterprises Limited ICRA AA 1.30%8.67% Punjab SDL (29/10/2019) SOV 1.27%Tata Motors Finance Ltd CRISIL AA 1.19%Power Finance Corporation Limited CRISIL AAA 1.19%Small Industries Dev Bank of India CARE AAA 1.13%Reliance Jio Infocomm Limited CRISIL AAA 0.99%Housing Development Finance Corporation Limited CRISIL AAA 0.99%Housing Development Finance Corporation Limited CRISIL AAA 0.98%Cholamandalam Investment and Finance Company Limited ICRA AA 0.98%Housing Development Finance Corporation Limited CRISIL AAA 0.97%Nirma Ltd CRISIL AA 0.97%Cholamandalam Investment and Finance Company Limited ICRA AA 0.95%Power Finance Corporation Limited CRISIL AAA 0.92%National Bank For Agriculture and Rural Development CRISIL A1+ 0.92%Grand View Estates Pvt Ltd ICRA AA(SO) 0.86%RKN Retail Pvt. Ltd BWR A-(SO) 0.80%Talwandi Sabo Power Ltd CRISIL AA- (SO) 0.76%Power Finance Corporation Limited CRISIL AAA 0.72%National Bank For Agriculture and Rural Development CRISIL AAA 0.66%Rural Electrification Corporation Limited CRISIL AAA 0.66%National Bank For Agriculture and Rural Development CRISIL AAA 0.65%IDFC Bank Limited ICRA AAA 0.65%Housing Development Finance Corporation Limited CRISIL AAA 0.65%8.21% RAJASTHAN SDL SPL ( MD 31/03/2018) SOV 0.65%Barclays Invest & Loans India Ltd ICRA A1+ 0.64%National Bank For Agriculture and Rural Development CRISIL A1+ 0.63%Tata Motors Finance Ltd ICRA A1+ 0.62%Satin Creditcare Network Limited ICRA A1+(SO) 0.62%Power Finance Corporation Limited CRISIL AAA 0.54%Rural Electrification Corporation Limited CRISIL AAA 0.54%Shriram Transport Finance Company Limited CRISIL AA+ 0.46%Dewan Housing Finance Corporation Limited CARE AAA 0.46%Nabha Power Ltd ICRA AAA(SO) 0.39%Kotak Mahindra Prime Ltd CRISIL AAA 0.39%SP Jammu Udhampur Highway Ltd ICRA AAA(SO) 0.37%Hero Fincorp Limited ICRA AA+ 0.35%Housing Development Finance Corporation Limited CRISIL AAA 0.33%7.86% Rajasthan SPL SDL (MD 23/06/2019) SOV 0.33%Power Finance Corporation Limited CRISIL AAA 0.33%

68

Adani Transmission Limited IND AA+ 0.33%Shriram Transport Finance Company Limited CRISIL AA+ 0.33%Piramal Enterprises Limited ICRA AA 0.32%Family Credit Ltd CARE A1+ 0.31%Tata Capital Financial Services Ltd ICRA AA+ 0.26%Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.24%Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.24%ICICI Home Finance Company Ltd CARE AAA 0.24%Vijaya Bank CARE A1+ 0.14%Power Grid Corporation of India Limited CRISIL AAA 0.14%Rural Electrification Corporation Limited CRISIL AAA 0.14%Rural Electrification Corporation Limited CRISIL AAA 0.14%Export Import Bank of India CRISIL AAA 0.14%Small Industries Dev Bank of India CARE AAA 0.13%Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.10%Power Grid Corporation of India Limited CRISIL AAA 0.07%9.90% West Bangal SDL (MD 01/08/2018) SOV 0.07%9.86% Kerala SDL (MD 01/08/2018) SOV 0.07%8.57% Uttar Pradesh SDL (MD 12/03/2019) SOV 0.07%8.49% Karnataka SDL (MD 18/03/2019) SOV 0.07%8.40% Gujarat SDL (MD 18/03/2019) SOV 0.07%Power Finance Corporation Limited CRISIL AAA 0.07%Shriram Transport Finance Company Limited CRISIL AA+ 0.07%Rural Electrification Corporation Limited CRISIL AAA 0.07%Andhra Bank CARE A1+ 0.03%Export Import Bank of India CRISIL A1+ 0.01%6.2925% Pay Fix & Rec Mibor(03/10/19) HDFCBK 0.00%6.295% Pay Fix & Rec Mibor(03/10/19) HDFCBK 0.00%6.29% Pay Fix & Rec Mibor(03/10/19) HDFCBK 0.00%


Birla Sun Life Savings FundAllocation as a % of Net Assets Rating %Birla Sun Life Floating Rate - ShtTer- Gr-Dir Plan 2.72%Dewan Housing Finance Corporation Limited CARE AAA 2.41%Tata Power Company Limited ICRA AA 2.04%Reliance Jio Infocomm Limited CRISIL AAA 2.00%Pune Solapur Expressway Pvt Ltd ICRA A(SO) 1.91%Vodafone Mobile Services Ltd IND AAA 1.87%Reliance Jio Infocomm Limited CRISIL AAA 1.80%Indiabulls Housing Finance Limited CARE AAA 1.74%Power Finance Corporation Limited CRISIL AAA 1.65%Vodafone Mobile Services Ltd IND AAA 1.52%Novo Ahan 2017 Trust ICRA A1+(SO) 1.38%Power Finance Corporation Limited CARE AAA 1.37%Housing Development Finance Corporation Limited CRISIL AAA 1.37%Hinduja Leyland Finance Ltd CARE A+ 1.36%ONGC Petro Additions Ltd CARE AAA(SO) 1.30%Adani Ports and Special Economic Zone Limited ICRA A1+ 1.29%Mahindra & Mahindra Financial Services Limited IND AAA 1.10%Indiabulls Housing Finance Limited CARE AAA 1.09%Shriram Transport Finance Company Limited CRISIL AA+ 1.04%TATA Realty & Infrastructure Ltd ICRA A1+ 1.04%Dewan Housing Finance Corporation Limited CARE AAA 1.03%8.46% Maharashtra SDL (MD 03/03/2021) SOV 0.98%Piramal Finance Private Limited ICRA AA 0.96%S.D. Corporation Pvt. Ltd ICRA AA+(SO) 0.96%ICICI Home Finance Company Ltd ICRA AAA 0.96%8.48% Odisha SDL (MD 24/02/2021) SOV 0.94%Adani Transmission Limited IND AA+ 0.93%Power Finance Corporation Limited CRISIL AAA 0.93%Standard Chartered Invest & Loans Ltd. CRISIL A1+ 0.91%National Bank For Agriculture and Rural Development CRISIL AAA 0.87%Export Import Bank of India CRISIL AAA 0.87%ONGC Mangalore Petrochemicals Ltd IND AAA 0.85%Indiabulls Housing Finance Limited CARE AAA 0.84%Tata Motors Limited CARE AA+ 0.83%Tata Motors Finance Ltd CRISIL AA 0.83%Cholamandalam Investment and Finance Company Limited ICRA AA 0.82%Export Import Bank of India CRISIL AAA 0.82%Tata Capital Financial Services Ltd ICRA AA+ 0.82%Cholamandalam Investment and Finance Company Limited ICRA A1+ 0.80%Tata Motors Finance Ltd ICRA A1+ 0.80%Reliance Jio Infocomm Limited CRISIL AAA

(SO) 0.77%Housing & Urban Development Corpn. Ltd. CARE AAA 0.77%Shriram Transport Finance Company Limited IND AA+ 0.74%8.55% Jammu And Kashmir SDL(MD 17/02/2021) SOV 0.74%8.08% GOI (MD 02/08/2022) SOV 0.71%Power Finance Corporation Limited CRISIL AAA 0.71%Power Finance Corporation Limited CRISIL AAA 0.69%Vodafone Mobile Services Ltd IND AAA 0.69%Tata Power Company Limited ICRA AA 0.69%LIC Housing Finance Limited CRISIL AAA 0.69%Power Finance Corporation Limited CRISIL AAA 0.68%Nabha Power Ltd ICRA AAA(SO) 0.63%Power Finance Corporation Limited CRISIL AAA 0.63%Nirma Ltd CRISIL AA 0.63%8.36% KERLA SDL- ( MD 16/03/2021) SOV 0.60%Family Credit Ltd CARE A1+ 0.58%

Power Finance Corporation Limited CRISIL AAA 0.58%Indiabulls Housing Finance Limited CARE AAA 0.57%8.56% Tamilnadu SDL(MD 22/06/2021) SOV 0.57%8.85% Punjab SDL (MD 09/07/2019) SOV 0.57%8.39% Rajasthan SDL(MD 15/03/2021) SOV 0.56%Tata Motors Finance Ltd CRISIL AA 0.56%Housing Development Finance Corporation Limited CRISIL AAA 0.56%Tata Capital Ltd CRISIL AA+ 0.55%Tata Capital Ltd CRISIL AA+ 0.55%Indiabulls Housing Finance Limited CARE AAA 0.55%Housing Development Finance Corporation Limited CRISIL AAA 0.54%Sundaram BNP Paribas Home Finance Ltd ICRA AA+ 0.54%Hero Fincorp Limited CRISIL A1+ 0.53%Indian Railway Finance Corp Ltd CRISIL AAA 0.53%Kotak Mahindra Prime Ltd CRISIL A1+ 0.53%Shapoorji Pallonji and Company Private Ltd ICRA A1+ 0.53%Barclays Invest & Loans India Ltd ICRA A1+ 0.51%8.45% Kerala SDL (18/03/2019) SOV 0.50%Power Finance Corporation Limited CRISIL AAA 0.50%Power Finance Corporation Limited CRISIL AAA 0.47%Power Finance Corporation Limited CRISIL AAA 0.47%8.53% Tamilnadu SDL (MD 27/10/2020) SOV 0.43%8.48% Andhra Pradesh SDL (MD 24/02/2020) SOV 0.42%Tata Capital Financial Services Ltd CRISIL AA+ 0.41%PNB Housing Finance Limited CARE AAA 0.41%Bahadur Chand Investments Pvt Ltd ICRA A1+ 0.41%Housing Development Finance Corporation Limited CRISIL AAA 0.41%Kotak Mahindra Prime Ltd CRISIL AAA 0.41%Godrej Industries Limited ICRA A1+ 0.41%Cholamandalam Investment and Finance Company Limited ICRA A1+ 0.40%Cholamandalam Investment and Finance Company Limited ICRA AA 0.40%Power Finance Corporation Limited CRISIL AAA 0.40%Shriram Transport Finance Company Limited CRISIL AA+ 0.37%8.52% Andhra Pradesh SDL (MD 27/10/2020) SOV 0.35%Power Grid Corporation of India Limited CRISIL AAA 0.35%IL & FS Education and Technology Services Ltd IND AA-(SO) 0.35%RKN Retail Pvt. Ltd BWR A-(SO) 0.34%8.55% Uttar Pradesh SDL (MD 27/10/2020) SOV 0.31%Power Finance Corporation Limited CRISIL AAA 0.31%LIC Housing Finance Limited CARE AAA 0.30%8.51% Gujarat SDL(MD 27/10/2020) SOV 0.30%Food Corporation Of India CRISIL AAA

(SO) 0.30%8.52% Haryana SDL (MD 17/02/2021) SOV 0.28%8.52% Rajasthan SDL(MD 17/02/2021) SOV 0.28%8.53% Puducherry SDL(MD 02/02/2021) SOV 0.28%8.48% Madhya Pradesh SDL(MD 03/03/2021) SOV 0.28%8.39% Rajasthan SDL(MD 24/11/2020) SOV 0.28%Rural Electrification Corporation Limited CRISIL AAA 0.28%8.39% Punjab SDL (MD 05/01/2021) SOV 0.28%8.46% Rajashthan SDL (18/03/2019) SOV 0.28%8.25% Rajasthan SDL(MD 20/01/2020) SOV 0.28%Housing Development Finance Corporation Limited CRISIL AAA 0.28%Shriram Transport Finance Company Limited IND AA+ 0.28%Power Finance Corporation Limited CRISIL AAA 0.28%Nabha Power Ltd ICRA AAA(SO) 0.28%Piramal Enterprises Limited ICRA AA 0.27%Tata Motors Finance Ltd CRISIL AA 0.27%8.51% Andhra Pradesh SDL (MD 17/02/2021) SOV 0.27%Shriram Transport Finance Company Limited IND AA+ 0.27%ICICI Home Finance Company Ltd ICRA AAA 0.27%LIC Housing Finance Limited CRISIL AAA 0.27%LIC Housing Finance Limited CARE AAA 0.27%6.93% Punjab SDL (MD 22/12/2020) SOV 0.27%8.83% GOI (MD 25/11/2023) SOV 0.27%National Bank For Agriculture and Rural Development CRISIL AAA 0.25%8.38% Maharashtra SDL (MD 25/03/2020) SOV 0.23%Housing Development Finance Corporation Limited CRISIL AAA 0.22%Tata Motors Limited CARE AA+ 0.22%Housing Development Finance Corporation Limited CRISIL AAA 0.22%Pune Solapur Expressway Pvt Ltd ICRA A(SO) 0.22%Tata Capital Financial Services Ltd CRISIL AA+ 0.20%8.72% Bihar SDL (MD 25/01/2022) SOV 0.20%Reliance Jio Infocomm Limited CRISIL AAA

(SO) 0.20%Housing Development Finance Corporation Limited CRISIL AAA 0.19%Shriram Transport Finance Company Limited CRISIL AA+ 0.19%8.18% Andhra Pradesh SDL(MD 21/07/2020) SOV 0.19%SP Jammu Udhampur Highway Ltd ICRA AAA(SO) 0.17%Rural Electrification Corporation Limited CRISIL AAA 0.17%8.53% Maharashtra SDL (MD 27/10/2020) SOV 0.16%SP Jammu Udhampur Highway Ltd ICRA AAA(SO) 0.16%SP Jammu Udhampur Highway Ltd ICRA AAA(SO) 0.16%SP Jammu Udhampur Highway Ltd ICRA AAA(SO) 0.15%Cholamandalam Investment and Finance Company Limited ICRA AA 0.15%8.19% Uttar Pradesh SDL(MD 07/07/2020) SOV 0.15%Rural Electrification Corporation Limited CRISIL AAA 0.15%8.51% Kerala SDL (MD 17/02/2021) SOV 0.14%8.46% Gujarat SDL (MD 03/03/2021) SOV 0.14%8.47% Puducherry SDL(MD 03/03/2021) SOV 0.14%

8.44% Madhya Pradesh SDL (MD 08/12/2020) SOV 0.14%8.38% Haryana SDL(MD 16/03/2021) SOV 0.14%Power Finance Corporation Limited CRISIL AAA 0.14%8.35% Gujarat SDL (MD 06/10/2020) SOV 0.14%Power Finance Corporation Limited CRISIL AAA 0.14%8.31% Uttar Pradesh SDL(MD 04/10/2019) SOV 0.14%Small Industries Dev Bank of India CARE AAA 0.14%Power Finance Corporation Limited CRISIL AAA 0.14%Export Import Bank of India CRISIL AAA 0.14%7.35% GOI (MD 22/06/2024) SOV 0.14%Steel Authority of India Limited IND AA 0.14%L & T Infrastructure Finance Co Ltd CARE AA+ 0.14%Power Finance Corporation Limited CRISIL AAA 0.14%Housing Development Finance Corporation Limited ICRA A1+ 0.13%8.51% Gujrat SDL (MD 17/02/2021) SOV 0.12%8.51% Haryana SDL(MD 27/10/2020) SOV 0.12%8.79% GOI (MD 08/11/2021) SOV 0.12%8.37% Andhra Pradesh SDL (MD 16/03/2021) SOV 0.11%8.39% Uttarpradesh SDL(MD 03/02/2020) SOV 0.11%Power Grid Corporation of India Limited CRISIL AAA 0.11%Power Finance Corporation Limited ICRA AAA 0.11%Essel Lucknow Raebareli Toll Roads Limited CARE AAA(SO) 0.11%Essel Lucknow Raebareli Toll Roads Limited CARE AAA(SO) 0.10%8.44% Punjab SDL (MD 10/11/2020) SOV 0.10%Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.10%Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.10%Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.10%Essel Lucknow Raebareli Toll Roads Limited CARE AAA(SO) 0.10%Essel Lucknow Raebareli Toll Roads Limited CARE AAA(SO) 0.09%Essel Lucknow Raebareli Toll Roads Limited CARE AAA(SO) 0.09%8.66% Tamilnadu SDL (MD 25/01/2022) SOV 0.09%Power Finance Corporation Limited CRISIL AAA 0.09%Power Finance Corporation Limited CRISIL AAA 0.08%Indian Railway Finance Corp Ltd CRISIL AAA 0.08%Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.06%8.74% Rajasthan SDL (MD 11/01/2022) SOV 0.06%8.72% Maharashtra SDL (MD 11/01/2022) SOV 0.06%8.72% Tamilnadu SDL (MD 11/01/2022) SOV 0.06%8.49% Bihar SDL (MD 07/10/2019) SOV 0.06%Power Finance Corporation Limited CRISIL AAA 0.06%LIC Housing Finance Limited CRISIL AAA 0.06%8.31% Gujarat SDL(MD 03/02/2020) SOV 0.05%IOT Utkal Energy Services Limited CRISIL AAA

(SO) 0.03%9.09% Tamilnadu SDL (MD 19/10/2021) SOV 0.03%8.66% Maharashtra SDL (MD 21/09/2021) SOV 0.03%8.63% Andhra Pradesh SDL(MD 07/09/2021) SOV 0.03%8.59% Gujrat SDL (MD 24/08/2021) SOV 0.03%Rural Electrification Corporation Limited CRISIL AAA 0.03%7.85% Andhra Pradesh SDL(MD 22/07/2019) SOV 0.03%Indian Railway Finance Corp Ltd CRISIL AAA 0.02%Power Grid Corporation of India Limited ICRA AAA 0.02%Kotak Mahindra Bank Limited CRISIL A1+ 0.02%6.2875% Pay Fix & Rec Mibor(03/10/18) ICICISECPD 0.00%Rural Electrification Corporation Limited CRISIL AAA 0.00%Cash & Current Assets 5.03%Total 100.00%

Birla Sun Life Floating Rate Fund - Long Term Plan

Allocation as a % of Net Assets Rating %Shriram Transport Finance Company Limited CRISIL AA+ 2.47%Housing Development Finance Corporation Limited CRISIL AAA 2.46%Vodafone Mobile Services Ltd CRISIL A1+ 2.37%Rural Electrification Corporation Limited CRISIL AAA 2.35%Housing Development Finance Corporation Limited CRISIL AAA 2.00%Small Industries Dev Bank of India CARE AAA 1.87%Vodafone Mobile Services Ltd IND AAA 1.86%Power Finance Corporation Limited CRISIL AAA 1.86%Indiabulls Housing Finance Limited CARE AAA 1.84%Reliance Jio Infocomm Limited CRISIL AAA 1.62%National Bank For Agriculture and Rural Development CRISIL AAA 1.55%Rural Electrification Corporation Limited CRISIL AAA 1.49%Power Finance Corporation Limited CRISIL AAA 1.49%Rural Electrification Corporation Limited CRISIL AAA 1.40%8.20% GOI (MD 15/02/2022) SOV 1.29%Small Industries Dev Bank of India CARE AAA 1.25%National Bank For Agriculture and Rural Development CRISIL AAA 1.24%Nabha Power Ltd ICRA AAA(SO) 1.24%Shriram Transport Finance Company Limited CRISIL AA+ 1.23%Shriram Transport Finance Company Limited IND AA+ 1.23%National Bank For Agriculture and Rural Development CRISIL AAA 1.22%Kotak Mahindra Prime Ltd CRISIL AAA 1.22%Housing Development Finance Corporation Limited CRISIL AAA 1.22%7.07% PUNJAB SDL(MD 28/12/2020) SOV 1.22%Export Import Bank of India CRISIL A1+ 1.19%National Bank For Agriculture and Rural Development CRISIL A1+ 1.18%Novo Ahan 2017 Trust ICRA A1+(SO) 1.16%Cholamandalam Investment and Finance Company Limited ICRA AA 1.05%



Portfolio

Power Finance Corporation Limited CRISIL AAA 1.02%Cholamandalam Investment and Finance Company Limited ICRA AA 0.99%LIC Housing Finance Limited CRISIL AAA 0.94%Kotak Mahindra Prime Ltd CRISIL AAA 0.92%ICICI Bank Limited ICRA A1+ 0.88%Fullerton India Credit Co Ltd ICRA A1+ 0.87%Sundaram Finance Limited CRISIL AA+ 0.86%8.56% RAJASTHAN SDL - (MD 23/01/2023) SOV 0.83%National Bank For Agriculture and Rural Development CRISIL AAA 0.81%Tata Capital Financial Services Ltd CRISIL AA+ 0.79%Power Finance Corporation Limited CRISIL AAA 0.74%Vodafone Mobile Services Ltd IND AAA 0.74%Indiabulls Housing Finance Limited CARE AAA 0.72%UltraTech Cement Limited CRISIL AAA 0.72%8.27% GOI (MD 09/06/2020) SOV 0.70%ONGC Mangalore Petrochemicals Ltd IND AAA 0.64%Power Finance Corporation Limited CRISIL AAA 0.64%8.40% Gujarat SDL (MD 24/11/2020) SOV 0.63%9.81% Punjab SDL (MD 11/07/2018) SOV 0.63%National Bank For Agriculture and Rural Development CRISIL AAA 0.63%LIC Housing Finance Limited CRISIL AAA 0.63%Rural Electrification Corporation Limited CRISIL AAA 0.63%8.39% Rajasthan UDAY Bond SDL (MD 15/03/2019) SOV 0.63%ONGC Petro Additions Ltd CARE AAA(SO) 0.62%Power Finance Corporation Limited CRISIL AAA 0.62%Power Finance Corporation Limited CRISIL AAA 0.62%Tata Capital Financial Services Ltd CRISIL AA+ 0.62%Fullerton India Credit Co Ltd ICRA AA+ 0.62%Tata Capital Ltd CRISIL AA+ 0.61%National Bank For Agriculture and Rural Development CRISIL AAA 0.61%HDB Financial Services Ltd CRISIL AAA 0.61%Cholamandalam Investment and Finance Company Limited ICRA AA 0.61%LIC Housing Finance Limited CARE AAA 0.61%Sundaram Finance Limited ICRA AA+ 0.61%HDB Financial Services Ltd CRISIL AAA 0.61%Bajaj Finance Limited CRISIL AAA 0.61%6.93% Punjab SDL (MD 22/12/2020) SOV 0.61%Vijaya Bank CARE A1+ 0.59%ICICI Bank Limited ICRA A1+ 0.59%Housing Development Finance Corporation Limited ICRA A1+ 0.58%Power Finance Corporation Limited CRISIL AAA 0.48%8.41% Andhra Pradesh SDL (MD 27/03/2018) SOV 0.37%Export Import Bank of India CRISIL AAA 0.37%Tata Motors Finance Ltd CRISIL AA 0.33%Hero Fincorp Limited ICRA AA+ 0.33%Kotak Mahindra Prime Ltd CRISIL AAA 0.33%Power Finance Corporation Limited CRISIL AAA 0.32%Rural Electrification Corporation Limited CRISIL AAA 0.32%Export Import Bank of India CRISIL AAA 0.32%Power Finance Corporation Limited CRISIL AAA 0.32%9.40% Andhra Pradesh SDL (MD 30/06/2018) SOV 0.31%LIC Housing Finance Limited CRISIL AAA 0.31%LIC Housing Finance Limited CARE AAA 0.31%LIC Housing Finance Limited CRISIL AAA 0.31%Housing Development Finance Corporation Limited CRISIL AAA 0.31%Housing Development Finance Corporation Limited CRISIL AAA 0.31%Housing Development Finance Corporation Limited CRISIL AAA 0.31%Reliance Jio Infocomm Limited CRISIL AAA 0.31%8.39% Rajasthan SPL SDL (MD 15/03/2018) SOV 0.31%Housing Development Finance Corporation Limited CRISIL AAA 0.31%Nabha Power Ltd ICRA AAA(SO) 0.31%Kotak Mahindra Prime Ltd CRISIL AAA 0.31%Power Finance Corporation Limited CRISIL AAA 0.31%LIC Housing Finance Limited CARE AAA 0.31%Tata Capital Financial Services Ltd ICRA AA+ 0.31%Housing Development Finance Corporation Limited CRISIL AAA 0.31%PNB Housing Finance Limited CARE AAA 0.31%LIC Housing Finance Limited CRISIL AAA 0.31%National Bank For Agriculture and Rural Development CRISIL AAA 0.31%Tata Capital Financial Services Ltd ICRA AA+ 0.30%Indian Railway Finance Corp Ltd CRISIL AAA 0.30%IndusInd Bank Limited CRISIL A1+ 0.29%Fullerton India Credit Co Ltd ICRA A1+ 0.29%LIC Housing Finance Limited CRISIL AAA 0.25%Bajaj Finance Limited CRISIL AAA 0.25%Power Finance Corporation Limited CRISIL AAA 0.25%6.90% GOI (MD 13/07/2019) SOV 0.25%Rural Electrification Corporation Limited CRISIL AAA 0.21%Rural Electrification Corporation Limited CRISIL AAA 0.19%Rural Electrification Corporation Limited CRISIL AAA 0.19%Power Grid Corporation of India Limited CRISIL AAA 0.19%National Bank For Agriculture and Rural Development CRISIL AAA 0.19%Rural Electrification Corporation Limited CRISIL AAA 0.19%Power Grid Corporation of India Limited CRISIL AAA 0.18%Shriram Transport Finance Company Limited CRISIL AA+ 0.18%Tata Sons Ltd CRISIL AAA 0.18%

9.20% Tamil Nadu SDL (MD 09/10/2018) SOV 0.16%9.23% Rajasthan SDL (MD 23/11/2021) SOV 0.13%Rural Electrification Corporation Limited CRISIL AAA 0.13%8.65% Kerala SDL (MD 09/01/2023) SOV 0.13%Export Import Bank of India CRISIL AAA 0.13%LIC Housing Finance Limited CRISIL AAA 0.13%Power Grid Corporation of India Limited CRISIL AAA 0.13%9.59% Uttar Pradesh SDL (MD 30/06/2018) SOV 0.13%HDB Financial Services Ltd CARE AAA 0.12%Small Industries Dev Bank of India CARE AAA 0.12%Power Finance Corporation Limited CRISIL AAA 0.12%Power Finance Corporation Limited CRISIL AAA 0.12%8.21% Rajasthan SDL(MD 31/03/2020) SOV 0.08%Rural Electrification Corporation Limited CRISIL AAA 0.07%8.08% GOI (MD 02/08/2022) SOV 0.06%HDB Financial Services Ltd CRISIL AAA 0.06%6.3550% Pay Fix & Rec Mibor (10/07/19) HDFCBK 0.00%6.5425% Pay Fix & Rec Mibor (04/07/20) HDFCBK 0.00%6.6675% Pay Fix & Rec Mibor (13/05/20) ICICIBK 0.00%6.67 Pay Fix & Rec Mibor (12/05/20) ICICISECPD 0.00%6.6725% Pay Fix & Rec Mibor (03/05/20) HDFCBK 0.00%6.70% Pay Fix & Rec Mibor (17/05/20) HDFCBK 0.00%REC_6.185 & PAY_FLOAT_07/02/2018 HSBCBK 0.00%REC_6.21 & PAY_FLOAT_06/01/2022 HSBCBK -0.01%Cash & Current Assets 13.47%Total 100.00%

Birla Sun Life Enhanced Arbitrage FundAllocation as a % of Net Assets Rating %RBL Bank Limited 7.25%Yes Bank Limited 5.30%Indiabulls Housing Finance Ltd 3.56%Reliance Industries Ltd 3.39%ITC Ltd 3.17%Housing Development Finance Corporation Limited ICRA A1+ 3.14%LIC Housing Finance Limited CRISIL AAA 3.14%IDFC Bank Limited ICRA AAA 2.92%Maruti Suzuki India Ltd 2.47%Housing Development Finance Corpora-tion Ltd 2.29%Hero Fincorp Limited CRISIL A1+ 2.01%Federal Bank Ltd 1.66%Hindalco Industries Ltd 1.66%Larsen & Toubro Ltd 1.57%Mahindra & Mahindra Ltd 1.54%Sun Pharmaceuticals Industries Ltd 1.52%Yes Bank Ltd 1.40%Bharat Financial Inclusion Ltd 1.30%Cairn India Ltd 1.26%JSW Steel Ltd 1.21%Asian Paints Ltd 1.18%Dr Reddys Laboratories Ltd 1.16%ICICI Bank Ltd 1.13%Aurobindo Pharma Ltd 1.10%Aditya Birla Nuvo Ltd 1.03%Tata Motors Finance Ltd ICRA A1+ 1.01%Tata Motors Ltd DVR Shares 1.00%IDFC Ltd 1.00%UPL Limited 0.99%Dewan Housing Finance Corporation Ltd 0.99%Century Textiles & Industries Ltd 0.98%IDFC Bank Ltd 0.97%Sun TV Network Ltd 0.93%Indusind Bank Ltd 0.91%Dish TV India Ltd 0.90%Axis Bank Ltd 0.89%Tata Motors Ltd 0.87%GMR Infrastructure Ltd 0.85%United Spirits Ltd 0.85%Tata Steel Ltd 0.84%Divis Laboratories Ltd 0.84%Power Grid Corporation of India Ltd 0.83%India Cements Ltd 0.82%Jindal Steel and Power Ltd 0.73%Hindustan Unilever Ltd 0.73%Reliance Infrastructure Ltd 0.71%Reliance Capital Ltd 0.69%Lupin Ltd 0.67%NTPC Ltd 0.66%Idea Cellular Ltd 0.65%Eicher Motors Ltd 0.62%Castrol India Ltd 0.62%The Karnataka Bank Ltd 0.61%Tata Global Beverages Ltd 0.60%Wockhardt Ltd 0.60%NCC Ltd 0.59%Crompton Greaves Ltd 0.57%LIC Housing Finance Ltd 0.55%Oil & Natural Gas Corporation Ltd 0.52%Kotak Mahindra Bank Ltd 0.52%

Britannia Industries Ltd 0.51%Hero MotoCorp Ltd 0.49%Tata Power Co Ltd 0.47%Infosys Ltd 0.41%Petronet LNG Ltd 0.40%Zee Entertainment Enterprises Ltd 0.38%IFCI Ltd 0.38%Ashok Leyland Ltd 0.36%Jet Airways India Ltd 0.36%Reliance Power Ltd 0.33%Shriram Transport Finance Company Ltd 0.31%L and T Finance Holdings Ltd 0.31%DCB Bank Limited 0.31%Motherson Sumi Systems Ltd 0.31%Bharat Forge Ltd 0.30%Bharti Infratel Limited 0.29%Bosch Ltd 0.28%Bajaj Auto Ltd 0.27%Bharat Electronics Ltd 0.25%Housing Development and Infrastructure Ltd 0.24%Cipla Ltd 0.24%ACC Ltd 0.23%Reliance Communications Ltd 0.23%Apollo Tyres Ltd 0.23%Adani Ports and Special Economic Zone Ltd 0.23%JSW Energy Ltd 0.20%Marico Ltd 0.20%Bank Of Baroda 0.19%Havells India Ltd 0.17%MRF Ltd 0.17%Adani Power Ltd 0.15%Indraprastha Gas Ltd 0.15%Engineers India Ltd 0.15%Jaiprakash Associates Ltd 0.13%Titan Company Limited 0.13%IRB Infrastructure Developers Ltd 0.13%Strides Shasun Ltd 0.12%Arvind Ltd 0.12%Glenmark Pharmaceuticals Ltd 0.12%Sintex Industries Ltd 0.11%Exide Industries Ltd 0.10%Hexaware Technologies Ltd 0.10%HCL Technologies Ltd 0.09%Mindtree Ltd 0.08%IDBI Bank Ltd 0.07%Ambuja Cements Ltd 0.07%Tata Chemicals Ltd 0.06%Indiabulls Real Estate Ltd 0.06%Wipro Ltd 0.05%DLF Ltd 0.05%Tata Consultancy Services Ltd 0.04%Colgate Palmolive India Ltd 0.04%BEML Ltd 0.02%Vedanta Ltd 0.02%Ultratech Cement Ltd 0.02%Oracle Financial Services Software Ltd 0.02%Coal India Ltd 0.02%Mahindra & Mahindra Financial Services Ltd 0.02%Bharat Petroleum Corp Ltd 0.02%Biocon Ltd 0.01%Hindustan Zinc Ltd 0.01%HINDZINC_30/03/2017 -0.01%BIOCON_30/03/2017 -0.01%BPCL_30/03/2017 -0.02%COALINDIA_30/03/2017 -0.02%M&MFIN_30/03/2017 -0.02%OFSS_30/03/2017 -0.02%ULTRACEMCO_30/03/2017 -0.02%VEDL_30/03/2017 -0.02%BEML_30/03/2017 -0.02%COLPAL_30/03/2017 -0.04%TCS_30/03/2017 -0.04%DLF_30/03/2017 -0.05%WIPRO_30/03/2017 -0.05%IBREALEST_30/03/2017 -0.06%TATACHEM_30/03/2017 -0.06%AMBUJACEM_30/03/2017 -0.07%IDBI_30/03/2017 -0.07%MINDTREE_30/03/2017 -0.08%HCLTECH_30/03/2017 -0.09%HEXAWARE_30/03/2017 -0.10%EXIDEIND_30/03/2017 -0.10%SINTEX_30/03/2017 -0.11%GLENMARK_30/03/2017 -0.12%ARVIND_30/03/2017 -0.12%STAR_30/03/2017 -0.12%IRB_30/03/2017 -0.13%TITAN_30/03/2017 -0.13%JPASSOCIAT_30/03/2017 -0.14%ENGINERSIN_30/03/2017 -0.15%IGL_30/03/2017 -0.15%ADANIPOWER_30/03/2017 -0.15%MRF_30/03/2017 -0.17%HAVELLS_30/03/2017 -0.17%BANKBARODA_30/03/2017 -0.19%MARICO_30/03/2017 -0.20%JSWENERGY_30/03/2017 -0.20%ADANIPORTS_30/03/2017 -0.23%APOLLOTYRE_30/03/2017 -0.23%ACC_30/03/2017 -0.23%RCOM_30/03/2017 -0.23%CIPLA_30/03/2017 -0.24%

70

Portfolio

HDIL_30/03/2017 -0.25%BEL_30/03/2017 -0.25%BAJAJ-AUTO_30/03/2017 -0.27%BOSCHLTD_30/03/2017 -0.28%INFRATEL_30/03/2017 -0.30%BHARATFORG_30/03/2017 -0.30%MOTHERSUMI_30/03/2017 -0.31%DCBBANK_30/03/2017 -0.31%L&TFH_30/03/2017 -0.31%SRTRANSFIN_30/03/2017 -0.32%RPOWER_30/03/2017 -0.33%JETAIRWAYS_30/03/2017 -0.36%ASHOKLEY_30/03/2017 -0.36%IFCI_30/03/2017 -0.38%ZEEL_30/03/2017 -0.38%PETRONET_30/03/2017 -0.40%INFY_30/03/2017 -0.42%TATAPOWER_30/03/2017 -0.47%HEROMOTOCO_30/03/2017 -0.49%BRITANNIA_30/03/2017 -0.51%KOTAKBANK_30/03/2017 -0.52%ONGC_30/03/2017 -0.53%LICHSGFIN_30/03/2017 -0.56%CROMPGREAV_30/03/2017 -0.57%NCC_30/03/2017 -0.59%WOCKPHARMA_30/03/2017 -0.60%TATAGLOBAL_30/03/2017 -0.61%KTKBANK_30/03/2017 -0.61%CASTROLIND_30/03/2017 -0.62%EICHERMOT_30/03/2017 -0.62%IDEA_30/03/2017 -0.65%NTPC_30/03/2017 -0.66%LUPIN_30/03/2017 -0.68%RELCAPITAL_30/03/2017 -0.70%RELINFRA_30/03/2017 -0.71%HINDUNILVR_30/03/2017 -0.73%JINDALSTEL_30/03/2017 -0.74%INDIACEM_30/03/2017 -0.83%POWERGRID_30/03/2017 -0.84%DIVISLAB_30/03/2017 -0.84%TATASTEEL_30/03/2017 -0.85%MCDOWELL-N_30/03/2017 -0.85%GMRINFRA_30/03/2017 -0.86%TATAMOTORS_30/03/2017 -0.87%AXISBANK_30/03/2017 -0.90%DISHTV_30/03/2017 -0.90%INDUSINDBK_30/03/2017 -0.91%SUNTV_30/03/2017 -0.94%IDFCBANK_30/03/2017 -0.97%CENTURYTEX_30/03/2017 -0.98%DHFL_30/03/2017 -0.99%UPL_30/03/2017 -1.00%IDFC_30/03/2017 -1.00%TATAMTRDVR_30/03/2017 -1.01%ABIRLANUVO_30/03/2017 -1.03%AUROPHARMA_30/03/2017 -1.11%ICICIBANK_30/03/2017 -1.14%DRREDDY_30/03/2017 -1.17%ASIANPAINT_30/03/2017 -1.19%JSWSTEEL_30/03/2017 -1.21%CAIRN_30/03/2017 -1.26%BHARATFIN_30/03/2017 -1.31%YESBANK_30/03/2017 -1.41%SUNPHARMA_30/03/2017 -1.52%M&M_30/03/2017 -1.54%LT_30/03/2017 -1.58%HINDALCO_30/03/2017 -1.66%FEDERALBNK_30/03/2017 -1.67%HDFC_30/03/2017 -2.30%MARUTI_30/03/2017 -2.49%ITC_30/03/2017 -3.18%RELIANCE_30/03/2017 -3.40%IBULHSGFIN_30/03/2017 -3.57%Cash & Current Assets 7.17%Net receivables / payables 68.36%Total 100.00%

Birla Sun Life Short Term FundAllocation as a % of Net Assets Rating %7.68% GOI (MD 15/12/2023) SOV 9.24%Housing Development Finance Corporation Limited CRISIL AAA 3.84%LIC Housing Finance Limited CRISIL AAA 3.02%Reliance Jio Infocomm Limited CRISIL AAA 2.75%8.12% GOI (MD 10/12/2020) SOV 2.42%Bajaj Finance Limited IND AAA 2.27%Small Industries Dev Bank of India CARE AAA 2.22%Power Finance Corporation Limited CRISIL AAA 1.86%Power Grid Corporation of India Limited CRISIL AAA 1.68%7.49% Punjab SDL (MD 24/08/2021) SOV 1.51%National Bank For Agriculture and Rural Development CRISIL AAA 1.45%Tata Capital Financial Services Ltd CRISIL AA+ 1.42%Novo Ahan 2017 Trust ICRA A1+(SO) 1.41%Mahindra & Mahindra Financial Services Limited IND AAA 1.41%Reliance Jio Infocomm Limited CRISIL AAA 1.36%Indiabulls Housing Finance Limited CARE AAA 1.35%Power Finance Corporation Limited CRISIL AAA 1.23%Tata Motors Finance Ltd ICRA A1+ 1.22%8.51% Gujarat SDL(MD 27/10/2020) SOV 1.17%

Small Industries Dev Bank of India CARE AAA 1.15%ONGC Petro Additions Ltd CARE AAA(SO) 1.15%Power Finance Corporation Limited CRISIL AAA 1.14%Housing Development Finance Corporation Limited CRISIL AAA 1.13%Kotak Mahindra Prime Ltd CRISIL AAA 1.00%Shriram Transport Finance Company Limited CRISIL AA+ 0.99%Rural Electrification Corporation Limited CRISIL AAA 0.97%Tata Capital Financial Services Ltd ICRA AA+ 0.96%Indiabulls Housing Finance Limited CARE AAA 0.90%Housing Development Finance Corporation Limited CRISIL AAA 0.85%UltraTech Cement Limited CRISIL AAA 0.85%Housing Development Finance Corporation Limited CRISIL AAA 0.85%Hero Fincorp Limited ICRA AA+ 0.84%Power Finance Corporation Limited CRISIL AAA 0.84%UltraTech Cement Limited CRISIL AAA 0.77%Food Corporation Of India CRISIL AAA

(SO) 0.75%Rural Electrification Corporation Limited CRISIL AAA 0.74%Tata Capital Financial Services Ltd ICRA AA+ 0.71%Power Finance Corporation Limited CRISIL AAA 0.70%Power Grid Corporation of India Limited CRISIL AAA 0.68%7.5% Odisha SDL(MD 09/08/2021) SOV 0.66%Food Corporation Of India CRISIL AAA(SO) 0.59%8.93% Punjab SDL (MD 23/07/19) SOV 0.59%Reliance Jio Infocomm Limited CRISIL AAA 0.58%8.46% Rajashthan SDL (18/03/2019) SOV 0.58%8.46% Maharashtra SDL (MD 12/03/2019) SOV 0.58%Vodafone Mobile Services Ltd IND AAA 0.57%Tata Capital Ltd CRISIL AA+ 0.57%ICICI Home Finance Company Ltd ICRA AAA 0.57%Indiabulls Housing Finance Limited CARE AAA 0.57%Tata Power Company Limited ICRA AA 0.56%HDB Financial Services Ltd CRISIL AAA 0.56%6.3025% Pay Fix & Rec Mibor (08/09/2018) HDFCBK 0.56%Tata Capital Housing Finance Ltd CRISIL AA+ 0.54%Aditya Birla Nuvo Limited ICRA AA+ 0.51%8.52% Punjab SDL (MD 17/02/2021) SOV 0.51%IDFC Bank Limited ICRA AAA 0.51%Power Finance Corporation Limited CRISIL AAA 0.50%8.45% Kerala SDL (18/03/2019) SOV 0.49%Cholamandalam Investment and Finance Company Limited ICRA AA 0.46%8.95% Maharashtra SDL (MD 07/03/2022) SOV 0.45%8.27% GOI (MD 09/06/2020) SOV 0.44%Power Finance Corporation Limited CRISIL AAA 0.44%8.53% Maharashtra SDL (MD 27/10/2020) SOV 0.44%LIC Housing Finance Limited CRISIL AAA 0.43%Rural Electrification Corporation Limited CRISIL AAA 0.43%Vodafone Mobile Services Ltd IND AAA 0.43%PNB Housing Finance Limited CARE AAA 0.43%7.07% PUNJAB SDL(MD 28/12/2020) SOV 0.42%Power Finance Corporation Limited CRISIL AAA 0.42%8.20% GOI (MD 15/02/2022) SOV 0.42%Power Finance Corporation Limited CRISIL AAA 0.41%7.8% GOI (MD 11/04/2021) SOV 0.41%Powergrid Vizag Transmission Limited CRISIL AAA

(SO) 0.41%Tata Capital Financial Services Ltd ICRA AA+ 0.40%Power Grid Corporation of India Limited CRISIL AAA 0.39%Housing Development Finance Corporation Limited CRISIL AAA 0.37%Cholamandalam Investment and Finance Company Limited ICRA AA 0.37%IDFC Bank Limited ICRA AAA 0.36%Tata Capital Financial Services Ltd ICRA AA+ 0.36%IDFC Bank Limited ICRA AAA 0.36%Shriram Transport Finance Company Limited CRISIL AA+ 0.35%Tata Capital Housing Finance Ltd CRISIL AA+ 0.34%8.65% Karnataka SDL(MD 25/01/2022) SOV 0.30%8.56% RAJASTHAN SDL - (MD 23/01/2023) SOV 0.29%8.19% GOI (MD 16/01/2020) SOV 0.29%Rural Electrification Corporation Limited CRISIL AAA 0.29%8.48% Maharashtra SDL (MD 24/02/2020) SOV 0.29%8.32% Gujrat SDL (MD 04/08/2020) SOV 0.29%LIC Housing Finance Limited CARE AAA 0.29%Housing Development Finance Corporation Limited CRISIL AAA 0.29%Power Finance Corporation Limited CRISIL AAA 0.29%National Bank For Agriculture and Rural Development CRISIL AAA 0.28%Tata Capital Ltd CRISIL AA+ 0.28%Kotak Mahindra Prime Ltd CRISIL AAA 0.28%National Bank For Agriculture and Rural Development CRISIL AAA 0.28%HDB Financial Services Ltd CRISIL AAA 0.28%8.67% Andhra Pradesh SDL(MD 26/05/2021) SOV 0.26%Rural Electrification Corporation Limited CRISIL AAA 0.25%8.42% Himachal Pradesh SDL (MD 16/03/2021) SOV 0.23%8.53% Assam SDL (MD 24/02/2020) SOV 0.23%6.93% Punjab SDL (MD 22/12/2020) SOV 0.23%8.39% MAHARASHTRA SDL (08/09/2020) SOV 0.22%Power Finance Corporation Limited CRISIL AAA 0.20%Cholamandalam Investment and Finance Company Limited ICRA AA 0.20%Power Finance Corporation Limited CRISIL AAA 0.18%Cholamandalam Investment and Finance Company Limited ICRA AA 0.17%Power Finance Corporation Limited CRISIL AAA 0.17%8.40% Gujarat SDL (MD 24/11/2020) SOV 0.16%Rural Electrification Corporation Limited CRISIL AAA 0.15%Hero Fincorp Limited ICRA AA+ 0.15%8.60% Maharashtra SDL (MD 20/07/2021) SOV 0.15%

8.53% Andhra Pradesh SDL (MD 19/01/2021) SOV 0.15%8.38% Haryana SDL(MD 16/03/2021) SOV 0.15%8.42% Maharashtra SDL (MD 25/08/2020) SOV 0.15%Export Import Bank of India CRISIL AAA 0.15%8.35% Gujarat SDL (MD 06/10/2020) SOV 0.15%8.38% Gujarat SDL (MD 05/01/2021) SOV 0.15%8.32% Uttar Pradesh SDL (MD 21/03/2020) SOV 0.14%Power Finance Corporation Limited CRISIL AAA 0.14%Housing Development Finance Corporation Limited CRISIL AAA 0.14%Housing Development Finance Corporation Limited CRISIL AAA 0.14%Housing Development Finance Corporation Limited CRISIL AAA 0.14%Shriram Transport Finance Company Limited CRISIL AA+ 0.14%Tata Sons Ltd CRISIL AAA 0.14%Indian Railway Finance Corp Ltd CRISIL AAA 0.14%8.38% Gujarat SDL (MD 22/09/2020) SOV 0.14%National Bank For Agriculture and Rural Development CRISIL A1+ 0.13%8.44% Rajasthan SDL (25/08/2020) SOV 0.12%Rural Electrification Corporation Limited CRISIL AAA 0.12%8.56% GOI - KERALA - SDL (MD 16-Feb-2020) SOV 0.12%National Bank For Agriculture and Rural Development CRISIL AAA 0.12%Power Finance Corporation Limited CRISIL AAA 0.11%Power Finance Corporation Limited CRISIL AAA 0.09%8.08% Odisha SDL ( MD 11/03/2020) SOV 0.09%Rural Electrification Corporation Limited CRISIL AAA 0.09%IDFC Bank Limited ICRA AAA 0.09%LIC Housing Finance Limited CRISIL AAA 0.07%8.39% Punjab SDL (MD 05/01/2021) SOV 0.07%Tata Capital Financial Services Ltd ICRA AA+ 0.06%8.79% GOI (MD 08/11/2021) SOV 0.06%Export Import Bank of India CRISIL AAA 0.06%8.39% Rajasthan SDL(MD 15/03/2021) SOV 0.06%Power Finance Corporation Limited CRISIL AAA 0.06%HDB Financial Services Ltd CARE AAA 0.06%8.21% RAJASTHAN SDL SPL ( MD 31/03/2018) SOV 0.06%Tata Capital Financial Services Ltd CRISIL AA+ 0.06%Shriram Transport Finance Company Limited CRISIL AA+ 0.04%Export Import Bank of India CRISIL AAA 0.03%Export Import Bank of India CRISIL AAA 0.03%Power Grid Corporation of India Limited CRISIL AAA 0.03%8.99% Gujrat SDL (MD 14/03/2022) SOV 0.03%8.97% Andhra Pradesh SDL (MD 07/03/2022) SOV 0.03%8.92% Karnatka SDL (MD 07/03/2022) SOV 0.03%Power Grid Corporation of India Limited CRISIL AAA 0.03%8.72% Andhra Pradesh SDL (MD 11/01/2022) SOV 0.03%8.69% Karnatak SDL (MD 08/02/2022) SOV 0.03%Power Finance Corporation Limited CRISIL AAA 0.03%GOI 7.94PCT 24/05/2021 SOV 0.03%Power Finance Corporation Limited CRISIL AAA 0.03%8.43% Kerala SDL (MD 10/11/2020) SOV 0.03%8.44% Punjab SDL (MD 10/11/2020) SOV 0.03%8.35% Andhra Pradesh SDL (MD 22/12/2020) SOV 0.03%Power Finance Corporation Limited CRISIL AAA 0.03%8.37% Goa SDL (MD 06/10/2020) SOV 0.03%Rural Electrification Corporation Limited CRISIL AAA 0.03%7.80% GOI (MD 03/05/2020). SOV 0.03%Power Finance Corporation Limited CRISIL AAA 0.03%Rural Electrification Corporation Limited CRISIL AAA 0.03%6.84% GOI (MD 19/12/2022) SOV 0.03%Sundaram Finance Limited ICRA AA+ 0.02%Power Finance Corporation Limited CRISIL AAA 0.01%Rural Electrification Corporation Limited CRISIL AAA 0.01%8.65% Haryana SDL(MD 11/05/2021) SOV 0.01%Rural Electrification Corporation Limited CRISIL AAA 0.01%Rural Electrification Corporation Limited CRISIL AAA 0.01%National Bank For Agriculture and Rural Development CRISIL AAA 0.00%6.3275% Pay Fix & Rec Mibor (14/09/2018) ICICIBK 0.00%REC_6.2925 & PAY_FLOAT_31/01/2022 HSBCBK 0.00%6.3025% Pay Fix & Rec Mibor (08/09/2018)HDFCBK -0.56%


Birla Sun Life Short Term Opportunities Fund

Allocation as a % of Net Assets Rating %8.83% GOI (MD 25/11/2023) SOV 7.46%6.79% GOI (MD 26/12/2029) SOV 6.47%Reliance Ports and Terminals Ltd CRISIL AAA 4.31%RKN Retail Pvt. Ltd BWR A-(SO) 3.29%Tata Motors Finance Ltd CRISIL AA 2.94%Tata Motors Finance Solutions Ltd CRISIL AA 2.72%Tata Power Company Limited CARE AA 2.71%Tata Capital Financial Services Ltd CRISIL AA+ 2.68%Indiabulls Housing Finance Limited CARE AAA 2.53%7.35% GOI (MD 22/06/2024) SOV 2.53%8.56% RAJASTHAN SDL - (MD 23/01/2023) SOV 2.52%8.79% GOI (MD 08/11/2021) SOV 2.49%Tata Motors Limited CARE AA+ 2.36%Reliance Ports and Terminals Ltd CRISIL AAA 2.17%



Portfolio

Reliance Utilities & Power Pvt Ltd CRISIL AAA 2.10%Dewan Housing Finance Corporation Limited CARE AAA 1.92%Cholamandalam Investment and Finance Company Limited ICRA AA 1.91%7.68% GOI (MD 15/12/2023) SOV 1.84%TATA Realty & Infrastructure Ltd CRISIL AA 1.82%Cholamandalam Investment and Finance Company Limited ICRA AA 1.61%Power Grid Corporation of India Limited ICRA AAA 1.56%Reliance Jio Infocomm Limited CRISIL AAA 1.36%Nirchem Cement Limited CRISIL AA 1.35%Dewan Housing Finance Corporation Limited CARE AAA 1.18%Indiabulls Housing Finance Limited CARE AAA 1.16%LIC Housing Finance Limited CRISIL AAA 1.08%8.95% Maharashtra SDL (MD 07/03/2022) SOV 1.04%7.88% GOI (MD 19/03/2030) SOV 1.01%Housing Development Finance Corporation Limited CRISIL AAA 0.99%Cholamandalam Investment and Finance Company Limited ICRA AA 0.96%Cholamandalam Investment and Finance Company Limited ICRA AA 0.95%8.25% Himachal Pradesh SDL(MD 20/01/2020) SOV 0.92%Reliance Jio Infocomm Limited CRISIL AAA 0.91%Cholamandalam Investment and Finance Company Limited ICRA AA 0.90%Bajaj Finance Limited CRISIL A1+ 0.88%7.59% GOI(MD 11/01/2026) SOV 0.74%Housing Development Finance Corporation Limited CRISIL AAA 0.71%Tata Motors Finance Ltd CRISIL AA 0.54%Cholamandalam Investment and Finance Company Limited ICRA AA 0.47%Cholamandalam Investment and Finance Company Limited ICRA AA 0.46%8.36% Gujarat SDL(MD 16/03/2021) SOV 0.46%LIC Housing Finance Limited CRISIL AAA 0.46%Power Finance Corporation Limited CRISIL AAA 0.46%Reliance Utilities & Power Pvt Ltd CRISIL AAA 0.46%LIC Housing Finance Limited CRISIL AAA 0.45%Power Finance Corporation Limited CRISIL AAA 0.45%Shriram Transport Finance Company Limited CRISIL AA+ 0.45%Shriram Transport Finance Company Limited CRISIL AA+ 0.45%Indiabulls Housing Finance Limited CARE AAA 0.45%Rural Electrification Corporation Limited CRISIL AAA 0.45%Shriram Transport Finance Company Limited CRISIL AA+ 0.39%Oriental Bank of Commerce ICRA AA 0.37%Power Finance Corporation Limited CRISIL AAA 0.36%Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.33%Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.33%Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.33%Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.33%Cholamandalam Investment and Finance Company Limited ICRA AA 0.29%8.15% GOI (MD 24/11/2026) SOV 0.28%8.08% GOI (MD 02/08/2022) SOV 0.28%Cholamandalam Investment and Finance Company Limited ICRA AA 0.28%Cholamandalam Investment and Finance Company Limited ICRA AA 0.26%Reliance Jio Infocomm Limited CRISIL AAA 0.19%IDBI Bank Limited ICRA AA- 0.09%Powergrid Vizag Transmission Limited CRISIL AAA

(SO) 0.09%National Highways Auth Of Ind CRISIL AAA 0.09%7.59% GOI (MD 20/03/2029) SOV 0.08%Power Finance Corporation Limited CRISIL AAA 0.05%India Infradebt Ltd CRISIL AAA 0.04%HDB Financial Services Ltd CRISIL AAA 0.04%Power Finance Corporation Limited CRISIL AAA 0.02%Rural Electrification Corporation Limited CRISIL AAA 0.01%REC_6.2975 & PAY_FLOAT_27/01/2022 HSBCBK -0.01%Cash & Current Assets 13.41%Total 100.00%

Birla Sun Life Treasury Optimizer PlanAllocation as a % of Net Assets Rating %

8.83% GOI (MD 25/11/2023) SOV 9.54%6.79% GOI (MD 26/12/2029) SOV 9.24%7.61% GOI(MD 09/05/2030) SOV 4.49%7.59% GOI (MD 20/03/2029) SOV 3.90%7.88% GOI (MD 19/03/2030) SOV 3.31%Dewan Housing Finance Corporation Limited CARE AAA 2.78%Reliance Jio Infocomm Limited CRISIL AAA 2.58%7.07% PUNJAB SDL(MD 28/12/2020) SOV 2.29%8.79% GOI (MD 08/11/2021) SOV 2.25%Fullerton India Credit Co Ltd ICRA A1+ 1.92%Indiabulls Housing Finance Limited CARE AAA 1.79%Reliance Jio Infocomm Limited CRISIL AAA 1.78%Tata Capital Financial Services Ltd CRISIL AA+ 1.75%Reliance Ports and Terminals Ltd CRISIL AAA 1.69%Dewan Housing Finance Corporation Limited CARE AAA 1.46%Reliance Utilities & Power Pvt Ltd CRISIL AAA 1.39%Indiabulls Housing Finance Limited CARE AAA 1.38%Tata Capital Housing Finance Ltd CRISIL AA+ 1.34%Cholamandalam Investment and Finance Company Limited ICRA AA 1.18%

Tata Capital Financial Services Ltd CRISIL AA+ 1.17%Aditya Birla Housing Finance Ltd. ICRA AA+ 1.17%Tata Motors Finance Ltd CRISIL AA 1.12%National Highways Auth Of Ind CRISIL AAA 1.10%7.80% Haryana SDL 2027 (MD 01/03/2027) SOV 1.00%Hero Fincorp Limited ICRA AA+ 0.94%Shriram Transport Finance Company Limited CRISIL AA+ 0.88%LIC Housing Finance Limited CRISIL AAA 0.88%Rural Electrification Corporation Limited CRISIL AAA 0.85%8.51% Haryana SDL(MD 27/10/2020) SOV 0.80%LIC Housing Finance Limited CRISIL AAA 0.78%7.35% GOI (MD 22/06/2024) SOV 0.77%Rural Electrification Corporation Limited CRISIL AAA 0.72%7.68% GOI (MD 15/12/2023) SOV 0.72%Shriram Transport Finance Company Limited CRISIL AA+ 0.70%Housing Development Finance Corporation Limited CRISIL AAA 0.70%

9.23% GOI (MD 23/12/2043) SOV 0.69%

Food Corporation Of India CRISIL AAA (SO) 0.64%

8.17% GOI (MD 01/12/2044) SOV 0.62%

Reliance Jio Infocomm Limited CRISIL AAA (SO) 0.61%

8.50% Punjab SDL(MD 27/10/2020) SOV 0.61%Tata Capital Financial Services Ltd CRISIL AA+ 0.60%LIC Housing Finance Limited CRISIL AAA 0.60%Reliance Jio Infocomm Limited CRISIL AAA 0.59%Cholamandalam Investment and Finance Company Limited ICRA AA 0.59%

PNB Housing Finance Limited CARE AAA 0.59%8.97% GOI (MD 05/12/2030) SOV 0.59%Indiabulls Housing Finance Limited CARE AAA 0.58%Kotak Mahindra Prime Ltd CRISIL AAA 0.58%Power Grid Corporation of India Limited CRISIL AAA 0.58%HDB Financial Services Ltd CRISIL AAA 0.56%

Powergrid Vizag Transmission Limited CRISIL AAA (SO) 0.54%

8.20% GOI (MD 15/02/2022) SOV 0.49%LIC Housing Finance Limited CRISIL AAA 0.47%8.60% GOI (MD 02/06/2028) SOV 0.44%Housing Development Finance Corporation Limited CRISIL AAA 0.42%

Nabha Power Ltd ICRA AAA(SO) 0.41%Indiabulls Housing Finance Limited CARE AAA 0.41%Indiabulls Housing Finance Limited CARE AAA 0.41%SP Jammu Udhampur Highway Ltd ICRA AAA(SO) 0.40%IDFC Bank Limited ICRA AAA 0.37%SP Jammu Udhampur Highway Ltd ICRA AAA(SO) 0.37%7.59% GOI(MD 11/01/2026) SOV 0.36%8.35% Gujarat SDL (MD 06/10/2020) SOV 0.36%Cholamandalam Investment and Finance Company Limited ICRA AA 0.31%

8.70% Uttar Pradesh SDL (MD 04/10/2020) SOV 0.30%Power Finance Corporation Limited CRISIL AAA 0.30%8.37% Punjab SDL (MD 22/09/2020) SOV 0.30%7.72% GOI (MD 25/05/2025) SOV 0.30%8.53% Maharashtra SDL (MD 27/10/2020) SOV 0.30%LIC Housing Finance Limited CRISIL AAA 0.29%Shriram Transport Finance Company Limited CRISIL AA+ 0.29%Fullerton India Credit Co Ltd CARE AAA 0.29%Essel Lucknow Raebareli Toll Roads Limited CARE AAA(SO) 0.26%Essel Lucknow Raebareli Toll Roads Limited CARE AAA(SO) 0.26%9.15% GOI (MD 14/11/2024) SOV 0.26%Essel Lucknow Raebareli Toll Roads Limited CARE AAA(SO) 0.25%8.24% GOI (MD 10/11/2033) SOV 0.25%Essel Lucknow Raebareli Toll Roads Limited CARE AAA(SO) 0.25%Essel Lucknow Raebareli Toll Roads Limited CARE AAA(SO) 0.25%Power Finance Corporation Limited CARE AAA 0.24%Essel Lucknow Raebareli Toll Roads Limited CARE AAA(SO) 0.24%

Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.22%



Power Grid Corporation of India Limited ICRA AAA 0.18%Essel Lucknow Raebareli Toll Roads Limited CARE AAA(SO) 0.18%Power Finance Corporation Limited CRISIL AAA 0.18%IDFC Bank Limited ICRA AAA 0.17%India Infradebt Ltd CRISIL AAA 0.16%8.15% GOI (MD 24/11/2026) SOV 0.12%8.08% GOI (MD 02/08/2022) SOV 0.12%Power Finance Corporation Limited CRISIL AAA 0.12%6.84% GOI (MD 19/12/2022) SOV 0.12%Tata Motors Limited CARE AA+ 0.11%Tata Motors Finance Ltd CRISIL AA 0.06%8.33% GOI 2026 (M/D 09/07/2026) SOV 0.06%8.13% GOI (MD 22/06/2045) SOV 0.06%8.56% RAJASTHAN SDL - (MD 23/01/2023) SOV 0.06%8.19% GOI (MD 16/01/2020) SOV 0.06%Power Finance Corporation Limited CRISIL AAA 0.06%8.39% Rajasthan Special SDL(MD 15/03/2022) SOV 0.06%

IOT Utkal Energy Services Limited CRISIL AAA (SO) 0.05%










Cholamandalam Investment and Finance Company Limited ICRA AA 0.05%











Rural Electrification Corporation Limited CRISIL AAA 0.03%Nabha Power Ltd ICRA AAA(SO) 0.02%



Birla Sun Life Medium Term PlanAllocation as a % of Net Assets Rating %6.79% GOI (MD 26/12/2029) SOV 7.15%7.59% GOI (MD 20/03/2029) SOV 6.58%Piramal Finance Private Limited ICRA AA 5.41%Adani Transmission Limited IND AA+ 4.96%7.61% GOI(MD 09/05/2030) SOV 4.86%Sansar Trust IND AAA(SO) 3.27%RHC Holding Pvt Ltd CARE A(SO) 2.80%S.D. Corporation Pvt. Ltd ICRA AA(SO) 2.77%7.68% GOI (MD 15/12/2023) SOV 2.36%Relationships Properties Pvt Ltd CARE AA-(SO) 2.31%Adani Power Limited BWR AA-(SO) 2.17%Systemtrac Traders Private Limited ICRA AA-(SO) 2.08%Adani Power Limited BWR AA-(SO) 2.06%Tata Motors Finance Solutions Ltd CRISIL AA 2.06%Novo Ahan 2017 Trust ICRA A1+(SO) 2.05%Indiabulls Properties Private Limited CARE AA-(SO) 1.93%8.17% GOI (MD 01/12/2044) SOV 1.88%8.13% GOI (MD 22/06/2045) SOV 1.88%RKN Retail Pvt. Ltd BWR A-(SO) 1.87%IL & FS Education and Technology Services Ltd IND AA-(SO) 1.80%Indiabulls Housing Finance Limited CARE AAA 1.78%Tata Motors Finance Ltd CRISIL AA 1.54%Writers & Publishers Pvt Ltd BWR AA-(SO) 1.53%BMW India Fin'cial Servces CRISIL AAA 1.51%L&T Vadodara Bharuch Tollway Limited IND A 1.50%ISTD Loan Trust IND AA+(SO) 1.48%TATA Realty & Infrastructure Ltd CRISIL AA 1.47%MFL Securitisation Trust IND AAA(SO) 1.42%Mkhitaryan SBL IFMR Capital 2016 IND A+(SO) 1.34%Dewan Housing Finance Corporation Limited CARE AAA 1.30%Dewan Housing Finance Corporation Limited CARE AAA 1.23%IDBI Bank Limited ICRA A 1.20%Hero Realty Ltd ICRA A+(SO) 1.03%Indiabulls Housing Finance Limited CARE AAA 1.01%Bank of India BWR AA- 0.99%Wadhawan Global Capital Pvt Ltd CARE AAA(SO) 0.99%Tanglin Development Limited BWR A-(SO) 0.91%Sansar Trust CRISIL AAA

(SO) 0.90%Indiabulls Housing Finance Limited CARE AAA 0.86%High Point Properties Private Limited ICRA AA(SO) 0.77%Millenia Realtors Private Limited UNRATED 0.73%Tata Power Renewable Energy Ltd CARE AA 0.72%Syndicate Bank CARE AA- 0.68%Coffee Day Enterprises Limited BWR AA-(SO) 0.62%Hero Realty Ltd UNRATED 0.61%Hinduja Leyland Finance Ltd CARE A+ 0.61%Reliance Media Works Ltd CARE AAA(SO) 0.60%Oriental Bank of Commerce IND A+ 0.57%Pune Solapur Expressway Pvt Ltd ICRA A(SO) 0.55%Grand View Estates Pvt Ltd ICRA AA(SO) 0.52%Housing Development Finance Corporation Limited CRISIL AAA 0.51%Coffee Day Enterprises Limited BWR AA-(SO) 0.36%7.78% Bihar SDL (MD 01/03/2027) SOV 0.36%

72

Portfolio

Syndicate Bank CARE AA- 0.34%Sansar Trust CRISIL AAA

(SO) 0.32%Edelweiss Finance & Investments LTD ICRA AA 0.31%Edelweiss Retail Finance Ltd ICRA AA 0.31%8.24% GOI (MD 10/11/2033) SOV 0.27%Sansar Trust CRISIL AAA

(SO) 0.26%7.88% GOI (MD 19/03/2030) SOV 0.26%Housing Development Finance Corporation Limited CRISIL AAA 0.25%7.59% GOI(MD 11/01/2026) SOV 0.21%Shriram Transport Finance Company Limited IND AA+ 0.15%Vedanta Limited CRISIL AA- 0.10%Pune Solapur Expressway Pvt Ltd ICRA A(SO) 0.05%8.20% GOI (MD 15/02/2022) SOV 0.05%7.06% GOI (MD10/10/2046) SOV 0.05%Kotak Mahindra Prime Ltd CRISIL AAA 0.01%6.97% GOI (MD 06/09/2026) SOV 0.00%LIC Housing Finance Limited CRISIL AAA 0.00%Cash & Current Assets 2.57%Total 100.00%

Birla Sun Life Corporate Bond FundAllocation as a % of Net Assets Rating %Adani Transmission Limited IND AA+ 5.13%Birla Sun Life Floating Rate - ShtTer- Gr-Dir Plan 4.44%Tata Capital Financial Services Ltd CRISIL AA+ 4.15%Systemtrac Traders Private Limited ICRA AA-(SO) 3.86%Wadhawan Global Capital Pvt Ltd CARE AAA(SO) 3.85%S.D. Corporation Pvt. Ltd ICRA AA+(SO) 3.85%Adani Power Limited BWR AA-(SO) 3.17%Piramal Finance Private Limited ICRA AA 3.16%High Point Properties Private Limited ICRA AA(SO) 3.00%Writers & Publishers Pvt Ltd BWR AA-(SO) 2.98%Pune Solapur Expressway Pvt Ltd ICRA A(SO) 2.96%L&T Vadodara Bharuch Tollway Limited IND A 2.94%Grand View Estates Pvt Ltd ICRA AA(SO) 2.41%Hero Realty Ltd UNRATED 2.39%Reliance Ports and Terminals Ltd CRISIL AAA 2.29%LIC Housing Finance Limited CRISIL AAA 2.14%Indiabulls Housing Finance Limited CARE AAA 2.08%Dewan Housing Finance Corporation Limited CARE AAA 1.93%S.D. Corporation Pvt. Ltd ICRA AA(SO) 1.80%Tata Power Renewable Energy Ltd CARE AA 1.80%Tanglin Development Limited BWR A-(SO) 1.78%IDBI Bank Limited ICRA A 1.75%Export Import Bank of India CRISIL AAA 1.57%IL & FS Education and Technology Services Ltd IND AA-(SO) 1.52%Housing Development Finance Corporation Limited CRISIL AAA 1.51%Coffee Day Enterprises Limited BWR AA-(SO) 1.50%Mahindra & Mahindra Financial Services Limited IND AAA 1.49%Power Finance Corporation Limited CRISIL AAA 1.48%HDFC Bank Limited CRISIL AAA 1.48%HDB Financial Services Ltd CRISIL AAA 1.47%Millenia Realtors Private Limited UNRATED 1.43%Oriental Bank of Commerce IND A+ 1.21%Rural Electrification Corporation Limited CRISIL AAA 1.18%Nabha Power Ltd ICRA AAA(SO) 1.00%Bank of India BWR AA- 0.99%Syndicate Bank CARE AA- 0.92%Power Finance Corporation Limited CRISIL AAA 0.90%Dewan Housing Finance Corporation Limited CARE AAA 0.90%JM Financial Credit Solution Limited ICRA AA 0.90%Indiabulls Housing Finance Limited CARE AAA 0.89%IL & FS Education and Technology Services Ltd IND AA-(SO) 0.72%Syndicate Bank CARE AA- 0.61%Food Corporation Of India CRISIL AAA

(SO) 0.33%Rural Electrification Corporation Limited CARE AAA 0.31%LIC Housing Finance Limited CRISIL AAA 0.30%NTPC Limited CRISIL AAA 0.00%REC_6.695 & PAY_FLOAT_28/02/2022 HDFCBANK 0.00%REC_6.2675 & PAY_FLOAT_19/01/2022 ICICIBK -0.03%REC_6.255 & PAY_FLOAT_18/01/2022 ICICIBK -0.03%REC_6.2975 & PAY_FLOAT_20/01/2022 HDFCBK -0.05%


Birla Sun Life Dynamic Bond FundAllocation as a % of Net Assets Rating %8.13% GOI (MD 22/06/2045) SOV 35.90%8.17% GOI (MD 01/12/2044) SOV 16.48%6.79% GOI (MD 26/12/2029) SOV 5.44%7.61% GOI(MD 09/05/2030) SOV 5.23%Piramal Finance Private Limited ICRA AA 3.20%Tata Motors Finance Ltd CRISIL AA 2.56%Shriram Transport Finance Company Limited CRISIL AA+ 2.53%Indiabulls Housing Finance Limited CARE AAA 2.17%Edelweiss Commodities Services Ltd ICRA AA 2.07%Dewan Housing Finance Corporation Limited CARE AAA 1.89%Adani Power Limited BWR AA-(SO) 1.43%

7.72% GOI (MD 26/10/2055) SOV 1.27%Reliance Ports and Terminals Ltd CRISIL AAA 1.16%Edelweiss Finance & Investments LTD ICRA AA 1.03%Tata Motors Finance Solutions Ltd CRISIL AA 1.01%Indiabulls Housing Finance Limited CARE AAA 1.00%Indiabulls Properties Private Limited CARE AA-(SO) 0.99%Hinduja Leyland Finance Ltd CARE A+ 0.93%Sansar Trust CRISIL AAA

(SO) 0.90%Shriram Transport Finance Company Limited CRISIL AA+ 0.84%Adani Power Limited BWR AA-(SO) 0.78%7.59% GOI(MD 11/01/2026) SOV 0.76%JM Financial Credit Solution Limited ICRA AA 0.67%ECL Finance Ltd ICRA AA 0.58%Adani Transmission Limited IND AA+ 0.58%JM Financial Credit Solution Limited ICRA AA 0.57%Indiabulls Housing Finance Limited CARE AAA 0.51%Nirchem Cement Limited CRISIL AA 0.50%Bahadur Chand Investments Pvt Ltd ICRA AA 0.50%8.97% GOI (MD 05/12/2030) SOV 0.37%Adani Transmission Limited IND AA+ 0.37%Indiabulls Housing Finance Limited CARE AAA 0.34%Sansar Trust IND AAA(SO) 0.34%Cholamandalam Investment and Finance Company Limited ICRA AA 0.34%7.78% Bihar SDL (MD 01/03/2027) SOV 0.33%7.76% Madhya Pradesh SDL (MD 01/03/2027) SOV 0.33%7.75% Karnatak SDL (MD 01/03/2027) SOV 0.17%7.78% West Bengal SDL (MD 01/03/2027) SOV 0.17%7.68% GOI (MD 15/12/2023) SOV 0.04%Power Grid Corporation of India Limited CRISIL AAA 0.03%7.88% GOI (MD 19/03/2030) SOV 0.03%7.59% Karnatak SDL (MD 15/02/2027) SOV 0.03%7.29% West Bengal SDL (MD 28/12/2026) SOV 0.03%7.96% Gujarat SDL (14/10/2025) SOV 0.03%8.08% GOI (MD 02/08/2022) SOV 0.02%8.15% GOI (MD 24/11/2026) SOV 0.02%Syndicate Bank CARE AA- 0.01%8.35% GOI (MD 14/05/2022) SOV 0.01%9.20% GOI (MD 30/09/2030) SOV 0.01%Rural Electrification Corporation Limited CRISIL AAA 0.01%9.40% Madhya Pradesh SDL (MD 30/01/2024) SOV 0.00%7.35% GOI (MD 22/06/2024) SOV 0.00%9.23% GOI (MD 23/12/2043) SOV 0.00%8.33% GOI 2036 (07/06/2036) SOV 0.00%7.96% Maharashtra SDL (14/10/2025) SOV 0.00%6.97% GOI (MD 06/09/2026) SOV 0.00%REC_6.22 & PAY_FLOAT_09/01/2022 HSBCBK -0.01%REC_6.22 & PAY_FLOAT_11/01/2022 HDFCBK -0.01%REC_6.215 & PAY_FLOAT_13/01/2022 HDFCBK -0.01%


Birla Sun Life Income PlusAllocation as a % of Net Assets Rating %6.79% GOI (MD 26/12/2029) SOV 29.23%8.17% GOI (MD 01/12/2044) SOV 16.80%7.73% GOI (MD 19/12/2034) SOV 14.19%7.59% GOI(MD 11/01/2026) SOV 13.23%Bajaj Finance Limited CARE AAA 5.62%Reliance Ports and Terminals Ltd CRISIL AAA 4.79%NTPC Limited CRISIL AAA 4.54%9.23% GOI (MD 23/12/2043) SOV 3.62%Essel Lucknow Raebareli Toll Roads Limited CARE AAA(SO) 1.24%Essel Lucknow Raebareli Toll Roads Limited CARE AAA(SO) 1.20%Essel Lucknow Raebareli Toll Roads Limited CARE AAA(SO) 1.17%Power Finance Corporation Limited CRISIL AAA 0.70%Essel Lucknow Raebareli Toll Roads Limited CARE AAA(SO) 0.41%8.21% Haryana Special SDL(MD 31/03/2023) SOV 0.39%8.60% GOI (MD 02/06/2028) SOV 0.26%9.56% Maharashtra SDL (MD 28/08/2023) SOV 0.05%9.45% Rahasthan SDL (MD 26/03/2024) SOV 0.05%6.28% Pay Fix & Rec Mibor (30/12/21) HSBCBK 0.04%6.62% GOI (MD 28/11/2051) SOV 0.03%6.57% GOI (MD 05/12/2033) SOV 0.02%8.24% GOI (MD 10/11/2033) SOV 0.02%8.51% Punjab SDL (MD 10/04/2023) SOV 0.01%8.64% Jharkhand SDL (MD 06/03/2023) SOV 0.01%6.4225% Pay Fix & Rec Mibor (12/07/19) ICICIBK 0.00%6.5075% Pay Fix & Rec Mibor (29/06/19) HDFCBK -0.01%Cash & Current Assets 2.39%Total Net Assets 100.00%

Birla Sun Life Constant Maturity 10 Year Gilt Fund (erstwhile Birla Sun Life Gilt

Plus – Regular Plan) Allocation as a % of Net Assets Rating %6.97% GOI (MD 06/09/2026) SOV 87.78%8.40% GOI (MD 28/07/2024) SOV 1.56%Cash & Current Assets 10.67%Total 100.00%

Birla Sun Life Government Securities Fund - Long Term Plan

Allocation as a % of Net Assets Rating %6.79% GOI (MD 26/12/2029) SOV 48.47%8.17% GOI (MD 01/12/2044) SOV 16.67%8.60% GOI (MD 02/06/2028) SOV 11.54%7.73% GOI (MD 19/12/2034) SOV 10.85%6.28% Pay Fix & Rec Mibor (30/12/21) ICICIBK 0.13%6.58% Pay Fix & Rec Mibor (06/04/21) ICICISEC 0.01%6.38% Pay Fix & Rec Mibor (01/08/19) HSBCBK 0.00%6.3825% Pay Fix & Rec Mibor (01/08/19) HDFCBK 0.00%

8.30% GOI (MD 02/07/2040) SOV 0.00%Cash & Current Assets 12.33%Total 100.00%

Birla Sun Life Gilt Plus - PF PlanAllocation as a % of Net Assets Rating %6.79% GOI (MD 26/12/2029) SOV 60.94%8.17% GOI (MD 01/12/2044) SOV 13.94%7.73% GOI (MD 19/12/2034) SOV 13.37%Cash & Current Assets 11.75%Total 100.00%

Birla Sun Life Active Debt Multi Manager FoF Scheme

Allocation as a % of Net Assets %Birla Sun Life Short Term Fund Grwth - Direct Plan 46.50%IDFC Dynamic Bond Fund-Direct Plan-Growth 31.25%Birla Sun Life MediumTerm Plan -Gr - Direct Plan 21.24%Cash & Current Assets 1.15%Net receivables / payables -0.14%Total 100.00%

Birla Sun Life Financial Planning FOF - Conservative Plan

Birla Sun Life Cash Plus - Growth - Direct Plan 42.11%Birla Sun Life MediumTerm Plan -Gr - Direct Plan 14.89%IDFC Dynamic Bond Fund-Direct Plan-Growth 7.03%Kotak MF Gold ETF 6.32%MOSt Focused Multicap 35-Direct Plan-Growth Option 5.95%R*Shares Gold BeES 5.71%Birla Sun Life Advantage Fund - Gr - Dir Pl 5.31%Birla Sun Life Frontline Eq Fd - Gr - Direct Plan 4.62%SBI Blue Chip Fund-Direct Plan -Growth 2.52%Mirae Asset India Opp'ties Fund-Direct Plan-Growth 1.50%Birla Sun Life Short Term Fund Grwth - Direct Plan 1.33%Cash & Current Assets 2.28%Net receivables / payables 0.42%Total 100.00%

Birla Sun Life Financial Planning FOF - Prudent Plan

Birla Sun Life Cash Plus - Growth - Direct Plan 25.79%Birla Sun Life MediumTerm Plan -Gr - Direct Plan 12.18%MOSt Focused Multicap 35-Direct Plan-Growth Option 10.12%

Birla Sun Life Advantage Fund - Gr - Dir Pl 8.87%Birla Sun Life Frontline Eq Fd - Gr - Direct Plan 8.31%Mirae Asset India Opp'ties Fund-Direct Plan-Growth 6.64%

SBI Blue Chip Fund-Direct Plan -Growth 6.04%IDFC Dynamic Bond Fund-Direct Plan-Growth 5.43%Birla Sun Life Short Term Fund Grwth - Direct Plan 4.98%

R*Shares Gold BeES 4.67%Kotak MF Gold ETF 4.31%Cash & Current Assets 0.87%Net receivables / payables 1.80%Total 100.00%



Portfolio

Regular Income Solutions

Birla Sun Life MIP II - Savings 5 PlanAllocation as a % of Net Assets Rating %7.61% GOI(MD 09/05/2030) SOV 26.33%8.13% GOI (MD 22/06/2045) SOV 8.71%7.59% GOI(MD 11/01/2026) SOV 7.08%7.68% GOI (MD 15/12/2023) SOV 7.07%Power Finance Corporation Limited CRISIL AAA 6.99%IDBI Bank Limited CRISIL A 6.94%8.17% GOI (MD 01/12/2044) SOV 4.73%8.08% GOI (MD 02/08/2022) SOV 3.59%6.97% GOI (MD 06/09/2026) SOV 3.44%8.60% GOI (MD 02/06/2028) SOV 1.85%7.59% GOI (MD 20/03/2029) SOV 1.74%IDBI Bank Limited ICRA A 1.68%9.40% Andhra Pradesh SDL (MD 30/01/2024) SOV 1.12%Yes Bank Limited ICRA AA+ 1.11%Eicher Motors Ltd 0.74%Repco Home Finance Ltd 0.71%V-Mart Retail Limited 0.65%HDFC Bank Ltd 0.62%Hindustan Zinc Ltd 0.55%Bajaj Finance Ltd 0.53%Equitas Holdings Limited 0.49%PNB Housing Finance Limited 0.46%City Union Bank Ltd 0.35%Kewal Kiran Clothing Limited 0.34%Endurance Technologies Limited 0.32%Dr. Lal Pathlabs Limited 0.30%Indusind Bank Ltd 0.29%K.P.R. Mill Limited 0.28%Hindustan Petroleum Corporation Ltd 0.25%Indian Oil Corporation Ltd 0.24%Mahanagar Gas Limited 0.23%Dhanuka Agritech Ltd 0.20%RBL Bank Limited 0.19%Shriram City Union Finance Limited 0.19%9.41% Kerala SDL (MD 30/01/2024) SOV 0.19%Aurobindo Pharma Ltd 0.19%Cairn India Ltd 0.17%Grasim Industries Ltd 0.17%Vedanta Ltd 0.17%Crompton Greaves Consumer Electricals Limited 0.17%

ITC Ltd 0.13%Thyrocare Technologies Ltd 0.13%VRL Logistic Ltd 0.12%Ashoka Buildcon Ltd 0.12%Monte Carlo Fashions Ltd 0.10%Oriental Hotels Ltd 0.09%Emami Ltd 0.08%TeamLease Services Limited 0.07%Orbit Exports Ltd 0.05%8.62% Tamil Nadu SDL (MD 20/02/2023) SOV 0.04%Atul Auto Limited 0.04%BSE Limited 0.01%Cash & Current Assets 7.65%Total 100.00%

Birla Sun Life MIPAllocation as a % of Net Assets Rating %8.13% GOI (MD 22/06/2045) SOV 15.39%7.59% GOI(MD 11/01/2026) SOV 10.01%7.68% GOI (MD 15/12/2023) SOV 10.00%IDBI Bank Limited CRISIL A 7.48%9.40% Andhra Pradesh SDL (MD 30/01/2024) SOV 5.28%8.17% GOI (MD 01/12/2044) SOV 5.14%6.90% GOI (MD 13/07/2019) SOV 2.97%Power Finance Corporation Limited CRISIL AAA 1.98%Eicher Motors Ltd 1.17%Repco Home Finance Ltd 1.14%HDFC Bank Ltd 1.01%V-Mart Retail Limited 1.00%Bajaj Finance Ltd 0.86%Equitas Holdings Limited 0.84%Indian Oil Corporation Ltd 0.78%Kewal Kiran Clothing Limited 0.65%Indusind Bank Ltd 0.65%K.P.R. Mill Limited 0.52%Power Finance Corporation Limited CRISIL AAA 0.52%PNB Housing Finance Limited 0.51%Hindustan Petroleum Corporation Ltd 0.44%City Union Bank Ltd 0.42%Hindustan Zinc Ltd 0.36%Endurance Technologies Limited 0.36%Dhanuka Agritech Ltd 0.36%Dr. Lal Pathlabs Limited 0.35%Shriram City Union Finance Limited 0.35%Crompton Greaves Consumer Electricals Limited 0.32%

Grasim Industries Ltd 0.29%Vedanta Ltd 0.28%Cairn India Ltd 0.27%Mahanagar Gas Limited 0.27%

Aurobindo Pharma Ltd 0.25%ITC Ltd 0.25%VRL Logistic Ltd 0.22%TeamLease Services Limited 0.22%RBL Bank Limited 0.22%Ashoka Buildcon Ltd 0.21%Thyrocare Technologies Ltd 0.16%Emami Ltd 0.16%Monte Carlo Fashions Ltd 0.10%BSE Limited 0.10%Atul Auto Limited 0.08%Orbit Exports Ltd 0.03%NTPC Limited CRISIL AAA 0.00%Cash & Current Assets 26.04%Total 100.00%

Birla Sun Life Monthly IncomeAllocation as a % of Net Assets Rating %7.59% GOI (MD 20/03/2029) SOV 25.40%7.59% GOI(MD 11/01/2026) SOV 13.94%7.68% GOI (MD 15/12/2023) SOV 7.96%Power Finance Corporation Limited CRISIL AAA 7.08%8.60% GOI (MD 02/06/2028) SOV 4.17%7.61% GOI(MD 09/05/2030) SOV 3.95%8.13% GOI (MD 22/06/2045) SOV 3.67%IDBI Bank Limited CRISIL A 2.98%8.17% GOI (MD 01/12/2044) SOV 2.04%7.73% GOI (MD 19/12/2034) SOV 1.96%8.15% GOI (MD 24/11/2026) SOV 1.87%8.28% GOI (M/D 21/09/2027) SOV 1.63%Repco Home Finance Ltd 1.23%Eicher Motors Ltd 1.21%HDFC Bank Ltd 1.07%V-Mart Retail Limited 1.06%Power Grid Corporation of India Limited CRISIL AAA 0.98%Bajaj Finance Ltd 0.85%9.40% Andhra Pradesh SDL (MD 30/01/2024) SOV 0.84%Equitas Holdings Limited 0.79%Indusind Bank Ltd 0.61%Kewal Kiran Clothing Limited 0.59%PNB Housing Finance Limited 0.49%K.P.R. Mill Limited 0.48%Hindustan Petroleum Corporation Ltd 0.43%City Union Bank Ltd 0.43%Indian Oil Corporation Ltd 0.41%Hindustan Zinc Ltd 0.36%Dhanuka Agritech Ltd 0.36%Dr. Lal Pathlabs Limited 0.35%Endurance Technologies Limited 0.34%Shriram City Union Finance Limited 0.34%Grasim Industries Ltd 0.30%Power Finance Corporation Limited CRISIL AAA 0.29%Crompton Greaves Consumer Electricals Limited 0.29%Cairn India Ltd 0.27%Vedanta Ltd 0.27%Mahanagar Gas Limited 0.25%ITC Ltd 0.22%VRL Logistic Ltd 0.21%RBL Bank Limited 0.21%Ashoka Buildcon Ltd 0.21%Monte Carlo Fashions Ltd 0.18%Oriental Hotels Ltd 0.17%TeamLease Services Limited 0.16%Thyrocare Technologies Ltd 0.16%Emami Ltd 0.14%Orbit Exports Ltd 0.13%BSE Limited 0.11%Atul Auto Limited 0.07%Advanced Enzyme Technologies Limited 0.06%Magnasound (I) Ltd 0.00%Cash & Current Assets 6.41%Total 100.00%

Birla Sun Life MIP II - Wealth 25 PlanAllocation as a % of Net Assets Rating %7.59% GOI(MD 11/01/2026) SOV 14.20%6.79% GOI (MD 26/12/2029) SOV 6.64%8.13% GOI (MD 22/06/2045) SOV 5.75%7.61% GOI(MD 09/05/2030) SOV 5.71%7.68% GOI (MD 15/12/2023) SOV 4.11%8.56% RAJASTHAN SDL - (MD 23/01/2023) SOV 3.58%Power Finance Corporation Limited CRISIL AAA 3.10%Yes Bank Ltd 2.37%Eicher Motors Ltd 2.12%Hindustan Petroleum Corporation Ltd 2.01%Natco Pharma Ltd 1.83%8.27% Karnataka SDL(MD 23/12/2025) SOV 1.62%8.26% Maharashtra SDL(MD 23/12/2025) SOV 1.62%Bharat Aluminium Co Ltd. CRISIL A+ 1.56%Housing Development Finance Corporation Limited ICRA A1+ 1.48%8.17% GOI (MD 01/12/2044) SOV 1.46%7.59% GOI (MD 20/03/2029) SOV 1.31%8.08% GOI (MD 02/08/2022) SOV 1.31%6.97% GOI (MD 06/09/2026) SOV 1.25%

Maruti Suzuki India Ltd 1.11%Bajaj Finance Ltd 1.10%Dalmia Bharat Limited 1.10%Repco Home Finance Ltd 1.08%Vedanta Ltd 1.03%8.79% GOI (MD 08/11/2021) SOV 1.01%Bajaj Finserv Ltd 0.96%L and T Finance Holdings Ltd 0.89%Berger Paints India Ltd 0.75%Bharat Financial Inclusion Ltd 0.74%Indraprastha Gas Ltd 0.73%Capital First Limited 0.68%8.59% Andhra pradesh SDL (MD 23/01/2023) SOV 0.65%Rural Electrification Corporation Limited CRISIL AAA 0.65%Bank of India BWR AA- 0.65%PNB Housing Finance Limited 0.65%Oriental Bank of Commerce IND A+ 0.63%Tata Sons Ltd CRISIL AAA 0.62%IDBI Bank Limited ICRA A 0.61%K.P.R. Mill Limited 0.59%V-Guard Industries Limited 0.58%Equitas Holdings Limited 0.55%Orient Cement Ltd 0.49%Voltas Ltd 0.49%IDBI Bank Limited CRISIL A 0.48%Yes Bank Limited ICRA AA+ 0.47%Hindalco Industries Ltd 0.46%Bharat Electronics Ltd 0.45%Hindustan Zinc Ltd 0.38%AIA Engineering Ltd 0.38%9.20% GOI (MD 30/09/2030) SOV 0.36%Emami Ltd 0.35%Narayana Hrudayalaya Limited 0.34%PI Industries Ltd 0.33%8.35% GOI (MD 14/05/2022) SOV 0.33%8.15% GOI (MD 24/11/2026) SOV 0.33%8.12% GOI (MD 10/12/2020) SOV 0.33%Power Finance Corporation Limited CRISIL AAA 0.32%V-Mart Retail Limited 0.31%Kalpataru Power Transmission Ltd 0.31%Bayer Cropscience Ltd 0.30%9.23% GOI (MD 23/12/2043) SOV 0.29%Bharat Petroleum Corp Ltd 0.29%VA Tech Wabag Ltd 0.29%UPL Limited 0.27%

Kaveri Seed Company Ltd 0.25%

Cummins India Ltd 0.21%Godrej Consumer Products Ltd 0.21%8.24% GOI (MD 10/11/2033) SOV 0.20%Bosch Ltd 0.20%Advanced Enzyme Technologies Limited 0.19%MRF Ltd 0.19%Mahanagar Gas Limited 0.18%Cholamandalam Investment and Finance Company Ltd 0.18%Jindal Steel and Power Ltd 0.17%Pidilite Industries Ltd 0.17%GE T&D India Limited 0.17%Johnson Controls–Hitachi Air Conditioning India Lt 0.14%Atul Auto Limited 0.14%TeamLease Services Limited 0.13%BSE Limited 0.10%J.Kumar Infraprojects Ltd 0.10%Whirlpool of India Ltd 0.10%Astra Microwave Products Ltd 0.10%Monte Carlo Fashions Ltd 0.08%Ramkrishna Forgings Ltd 0.07%IDBI Bank Limited ICRA AA- 0.06%Yes Bank Limited ICRA AA+ 0.05%Cash & Current Assets 7.88%Total 100.00%

74

Portfolio

Tax Savings Solutions

Birla Sun Life Tax Relief ‘96

Allocation as a % of Net Assets %

Sundaram Clayton Ltd 8.06%Honeywell Automation India Ltd 4.97%Bayer Cropscience Ltd 4.93%ICRA Ltd 4.03%Gillette India Ltd 3.84%Kotak Mahindra Bank Ltd 3.55%Biocon Ltd 3.49%Zee Entertainment Enterprises Ltd 3.19%Glaxosmithkline Pharmaceuticals Ltd 3.12%MRF Ltd 3.05%Pfizer Ltd 3.03%Thomas Cook India Ltd 2.98%Bosch Ltd 2.87%Johnson Controls–Hitachi Air Conditioning India Lt 2.85%Reliance Industries Ltd 2.80%Indusind Bank Ltd 2.43%Yes Bank Ltd 2.31%Shoppers Stop Ltd 2.26%Jet Airways India Ltd 2.15%HDFC Bank Ltd 2.11%Housing Development Finance Corporation Ltd 2.05%Century Textiles & Industries Ltd 1.98%Shree Cement Ltd 1.92%Tata Consultancy Services Ltd 1.91%Maruti Suzuki India Ltd 1.88%ICICI Bank Ltd 1.86%Grasim Industries Ltd 1.81%Larsen & Toubro Ltd 1.68%Axis Bank Ltd 1.46%Cummins India Ltd 1.35%Tata Motors Ltd 1.24%Capital First Limited 1.20%Bata India Ltd 1.03%Procter & Gamble Hygiene and Health Care Ltd 1.02%Kansai Nerolac Paints Ltd 0.99%HCL Technologies Ltd 0.97%Hindustan Unilever Ltd 0.91%Infosys Ltd 0.90%Sun Pharmaceuticals Industries Ltd 0.88%ITC Ltd 0.63%Tech Mahindra Ltd 0.62%Bharat Financial Inclusion Ltd 0.50%IDFC Bank Ltd 0.50%Vedanta Ltd 0.48%Mahindra & Mahindra Ltd 0.38%Ashok Leyland Ltd 0.38%Container Corporation of India Ltd 0.26%IDFC Ltd 0.22%United Breweries Holdings Ltd 0.14%Bharat Bijlee Ltd 0.13%Magnasound (I) Ltd 0.00%Cash & Current Assets 0.97%Net receivables / payables -0.28%Total 100.00%

Birla Sun Life Tax Plan


Sundaram Clayton Ltd 8.10%Honeywell Automation India Ltd 4.98%Bayer Cropscience Ltd 4.93%ICRA Ltd 4.04%Gillette India Ltd 3.84%Kotak Mahindra Bank Ltd 3.42%Biocon Ltd 3.37%MRF Ltd 3.31%Glaxosmithkline Pharmaceuticals Ltd 3.12%Zee Entertainment Enterprises Ltd 3.09%Pfizer Ltd 3.04%Thomas Cook India Ltd 2.98%Bosch Ltd 2.88%Johnson Controls–Hitachi Air Conditioning India Lt 2.85%Reliance Industries Ltd 2.81%Indusind Bank Ltd 2.34%Shoppers Stop Ltd 2.27%Yes Bank Ltd 2.24%Jet Airways India Ltd 2.16%HDFC Bank Ltd 2.03%Housing Development Finance Corporation Ltd 1.98%Century Textiles & Industries Ltd 1.93%Maruti Suzuki India Ltd 1.90%Shree Cement Ltd 1.85%Tata Consultancy Services Ltd 1.84%Grasim Industries Ltd 1.82%ICICI Bank Ltd 1.80%Larsen & Toubro Ltd 1.61%Axis Bank Ltd 1.40%Cummins India Ltd 1.30%Tata Motors Ltd 1.20%Capital First Limited 1.17%Bata India Ltd 1.04%

Kansai Nerolac Paints Ltd 1.00%Procter & Gamble Hygiene and Health Care Ltd 0.99%HCL Technologies Ltd 0.94%Hindustan Unilever Ltd 0.87%Infosys Ltd 0.87%Sun Pharmaceuticals Industries Ltd 0.85%Tech Mahindra Ltd 0.63%ITC Ltd 0.60%Bharat Financial Inclusion Ltd 0.49%IDFC Bank Ltd 0.48%Vedanta Ltd 0.47%Mahindra & Mahindra Ltd 0.37%Ashok Leyland Ltd 0.37%Container Corporation of India Ltd 0.25%IDFC Ltd 0.21%United Breweries Holdings Ltd 0.13%Bharat Bijlee Ltd 0.10%Magnasound (I) Ltd 0.00%Cash & Current Assets 2.15%Net receivables / payables -0.42%Total 100.00%

Birla Sun Life Tax Savings Fund


Sundaram Clayton Ltd 8.91%Honeywell Automation India Ltd 5.17%Bayer Cropscience Ltd 4.54%Kotak Mahindra Bank Ltd 3.85%Biocon Ltd 3.80%ICRA Ltd 3.79%MRF Ltd 3.72%Zee Entertainment Enterprises Ltd 3.47%Reliance Industries Ltd 2.83%Gillette India Ltd 2.79%Indusind Bank Ltd 2.64%Yes Bank Ltd 2.52%Johnson Controls–Hitachi Air Conditioning India Lt 2.49%Thomas Cook India Ltd 2.49%Pfizer Ltd 2.43%Shoppers Stop Ltd 2.33%HDFC Bank Ltd 2.28%Jet Airways India Ltd 2.24%Housing Development Finance Corporation Ltd 2.23%Glaxosmithkline Pharmaceuticals Ltd 2.19%Century Textiles & Industries Ltd 2.17%Shree Cement Ltd 2.08%Tata Consultancy Services Ltd 2.07%Bosch Ltd 2.04%ICICI Bank Ltd 2.02%Grasim Industries Ltd 1.97%Larsen & Toubro Ltd 1.82%Axis Bank Ltd 1.58%Maruti Suzuki India Ltd 1.58%Cummins India Ltd 1.47%Tata Motors Ltd 1.35%Capital First Limited 1.32%Bata India Ltd 1.05%HCL Technologies Ltd 1.05%Sun Pharmaceuticals Industries Ltd 1.03%Procter & Gamble Hygiene and Health Care Ltd 1.01%Hindustan Unilever Ltd 0.99%Infosys Ltd 0.98%Kansai Nerolac Paints Ltd 0.97%Tech Mahindra Ltd 0.71%ITC Ltd 0.68%IDFC Bank Ltd 0.54%Bharat Financial Inclusion Ltd 0.54%Vedanta Ltd 0.53%Mahindra & Mahindra Ltd 0.42%Ashok Leyland Ltd 0.41%Container Corporation of India Ltd 0.29%IDFC Ltd 0.24%United Breweries Holdings Ltd 0.15%Bharat Bijlee Ltd 0.11%Cash & Current Assets 0.81%Net receivables / payables -0.69%Total 100.00%

75

Portfolio



Wealth Creation Solutions

Birla Sun Life Equity Savings Fund

Allocation as a % of Net Assets Rating %

Tata Capital Housing Finance Ltd CRISIL A1+ 9.35%LIC Housing Finance Ltd 5.84%8.15% GOI (MD 24/11/2026) SOV 4.96%Housing Development Finance Corporation Limited ICRA A1+ 4.45%

Axis Bank Ltd 4.11%9.20% GOI (MD 30/09/2030) SOV 4.04%Yes Bank Ltd 3.92%Housing Development Finance Corporation Ltd 2.90%

Hindustan Petroleum Corporation Ltd 2.62%Natco Pharma Ltd 2.34%Larsen & Toubro Ltd 2.33%Eicher Motors Ltd 2.18%Oil & Natural Gas Corporation Ltd 2.05%Asian Paints Ltd 1.99%HDFC Bank Ltd 1.96%Repco Home Finance Ltd 1.92%ITC Ltd 1.85%Dalmia Bharat Limited 1.72%State Bank of India 1.65%Hindalco Industries Ltd 1.52%Sun Pharmaceuticals Industries Ltd 1.45%Equitas Holdings Limited 1.44%Aditya Birla Nuvo Ltd 1.33%Berger Paints India Ltd 1.32%Bajaj Finance Ltd 1.30%8.17% GOI (MD 01/12/2044) SOV 1.25%L and T Finance Holdings Ltd 1.18%Maruti Suzuki India Ltd 1.10%V-Guard Industries Limited 0.97%TVS Motor Company Ltd 0.91%Capital First Limited 0.86%Bajaj Finserv Ltd 0.86%Lupin Ltd 0.81%Reliance Industries Ltd 0.80%Godrej Consumer Products Ltd 0.78%Wabco India Ltd 0.71%AIA Engineering Ltd 0.71%Emami Ltd 0.70%Voltas Ltd 0.70%Bharat Forge Ltd 0.68%Indusind Bank Ltd 0.66%Bosch Ltd 0.51%PNB Housing Finance Limited 0.50%Orient Cement Ltd 0.50%NCC Ltd 0.47%Gulf Oil Lubricants India Ltd 0.46%Aurobindo Pharma Ltd 0.45%VA Tech Wabag Ltd 0.41%Kaveri Seed Company Ltd 0.41%K.P.R. Mill Limited 0.41%Bayer Cropscience Ltd 0.38%Page Industries Ltd 0.36%Tata Chemicals Ltd 0.34%Torrent Pharmaceuticals Ltd 0.32%Cyient Limited 0.32%Narayana Hrudayalaya Limited 0.30%Siemens Ltd 0.28%GE T&D India Limited 0.28%PI Industries Ltd 0.28%Havells India Ltd 0.27%Kalpataru Power Transmission Ltd 0.26%NMDC Ltd 0.25%Cummins India Ltd 0.25%Atul Auto Limited 0.23%MRF Ltd 0.23%Tata Motors Ltd 0.23%V-Mart Retail Limited 0.22%Glenmark Pharmaceuticals Ltd 0.22%Pidilite Industries Ltd 0.19%ICICI Bank Ltd 0.14%Federal Bank Ltd 0.14%HCL Technologies Ltd 0.12%Whirlpool of India Ltd 0.12%JK Cements Ltd 0.11%Castrol India Ltd 0.08%Raymond Ltd 0.08%IDFC Bank Ltd 0.08%Oracle Financial Services Software Ltd 0.07%IDFC Ltd 0.07%UPL Limited 0.06%The South Indian Bank Ltd 0.05%The South Indian Bank Ltd - Rights Form 0.00%CASTROLIND_30/03/2017 -0.08%L&TFH_30/03/2017 -0.22%TATAMOTORS_30/03/2017 -0.23%NMDC_30/03/2017 -0.25%TATACHEM_30/03/2017 -0.34%AUROPHARMA_30/03/2017 -0.45%NCC_30/03/2017 -0.47%

BHARATFORG_30/03/2017 -0.61%LUPIN_30/03/2017 -0.62%RELIANCE_30/03/2017 -0.80%HDFCBANK_30/03/2017 -1.31%ABIRLANUVO_30/03/2017 -1.33%SUNPHARMA_30/03/2017 -1.45%ITC_30/03/2017 -1.85%ASIANPAINT_30/03/2017 -2.00%ONGC_30/03/2017 -2.06%LT_30/03/2017 -2.34%HDFC_30/03/2017 -2.91%AXISBANK_30/03/2017 -3.22%LICHSGFIN_30/03/2017 -5.17%Cash & Current Assets 0.98%

Net receivables / payables 32.14%Total 100.00%

Birla Sun Life Balanced Advantage Fund


Mahanagar Gas Limited 3.86%ITC Ltd 3.36%Indraprastha Gas Ltd 2.97%Tata Chemicals Ltd 2.86%Bharat Electronics Ltd 2.77%Indian Oil Corporation Ltd 2.49%Emami Ltd 2.47%Infosys Ltd 2.40%Kotak Mahindra Bank Ltd 2.29%Sintex Industries Ltd 2.14%Power Grid Corporation of India Ltd 2.01%HCL Technologies Ltd 1.99%Mahindra & Mahindra Ltd 1.96%Sun Pharmaceuticals Industries Ltd 1.93%Eicher Motors Ltd 1.92%Bharti Infratel Limited 1.89%Axis Bank Ltd 1.77%Torrent Pharmaceuticals Ltd 1.64%Bharat Heavy Electricals Ltd 1.60%Tata Metaliks Ltd 1.43%Dr Reddys Laboratories Ltd 1.42%ICICI Bank Ltd 1.37%Indusind Bank Ltd 1.27%Idea Cellular Ltd 1.27%Divis Laboratories Ltd 1.26%Housing Development Finance Corporation Ltd 1.12%

Castrol India Ltd 1.07%Orient Refractories Limited 1.05%Hindustan Petroleum Corporation Ltd 1.03%6% Cum. NCv. Prefer Zee Entertain-ment Enter'es Ltd 0.95%

Kaveri Seed Company Ltd 0.92%Hindustan Zinc Ltd 0.88%Yes Bank Ltd 0.86%IFGL REFRACTORIES LTD 0.86%CPSE ETF 0.80%City Union Bank Ltd 0.79%Shree Cement Ltd 0.77%Petronet LNG Ltd 0.68%Tech Mahindra Ltd 0.66%Coal India Ltd 0.55%PTC India Ltd 0.52%Hindalco Industries Ltd 0.50%Cairn India Ltd 0.47%Motherson Sumi Systems Ltd 0.47%HPL Electric & Power Limited 0.38%NIIT Technologies Ltd 0.31%Bharti Airtel Ltd 0.29%Interglobe Aviation Ltd 0.25%Greaves Cotton Ltd 0.24%NTPC Ltd 0.23%Repco Home Finance Ltd 0.16%Carborundum Universal Ltd 0.15%Equitas Holdings Limited 0.09%Dalmia Bharat Limited 0.06%Sanofi India Ltd 0.05%Grasim Industries Ltd 0.02%NTPC Limited CRISIL AAA 0.00%NIFTY_30/03/2017 -30.33%Cash & Current Assets 40.57%Net receivables / payables 20.24%Total 100.00%

Birla Sun Life Balanced ‘95 Fund


7.61% GOI(MD 09/05/2030) SOV 5.35%Infosys Ltd 3.32%HDFC Bank Ltd 3.26%ICICI Bank Ltd 2.99%Indusind Bank Ltd 2.22%Yes Bank Ltd 2.00%Tata Motors Ltd 1.91%6.79% GOI (MD 26/12/2029) SOV 1.90%8.13% GOI (MD 22/06/2045) SOV 1.84%ITC Ltd 1.74%Indian Oil Corporation Ltd 1.73%Sun Pharmaceuticals Industries Ltd 1.54%Bharat Electronics Ltd 1.46%Aurobindo Pharma Ltd 1.40%Eicher Motors Ltd 1.35%8.56% RAJASTHAN SDL - (MD 23/01/2023) SOV 1.34%Zee Entertainment Enterprises Ltd 1.33%Hindustan Petroleum Corporation Ltd 1.30%Cholamandalam Investment and Finance Company Ltd 1.29%

Maruti Suzuki India Ltd 1.19%L and T Finance Holdings Ltd 1.19%Reliance Industries Ltd 1.16%Torrent Pharmaceuticals Ltd 1.10%Kotak Mahindra Bank Ltd 1.08%Tata Chemicals Ltd 1.05%UPL Limited 1.03%Dr Reddys Laboratories Ltd 1.02%Grasim Industries Ltd 0.99%Kaveri Seed Company Ltd 0.96%Vedanta Ltd 0.94%Sun TV Network Ltd 0.91%Power Finance Corporation Limited CRISIL AAA 0.90%Gujarat State Petronet Ltd 0.89%Titan Company Limited 0.89%Emami Ltd 0.87%PNB Housing Finance Limited 0.86%Power Grid Corporation of India Ltd 0.81%7.78% Bihar SDL (MD 01/03/2027) SOV 0.79%HCL Technologies Ltd 0.78%Housing Development Finance Corporation Limited CRISIL AAA 0.77%

Glenmark Pharmaceuticals Ltd 0.75%Pfizer Ltd 0.74%8.60% GOI (MD 02/06/2028) SOV 0.74%Mahindra & Mahindra Ltd 0.73%IDBI Bank Limited CRISIL A 0.73%NTPC Limited CRISIL AAA 0.73%Housing Development Finance Corporation Limited ICRA A1+ 0.72%

Repco Home Finance Ltd 0.72%Cairn India Ltd 0.71%Crompton Greaves Consumer Electricals Limited 0.71%

Sundaram Finance Ltd 0.71%7.59% GOI(MD 11/01/2026) SOV 0.70%Larsen & Toubro Ltd 0.69%FAG Bearings India Ltd 0.68%Natco Pharma Ltd 0.66%Tech Mahindra Ltd 0.64%7.68% GOI (MD 15/12/2023) SOV 0.63%Axis Bank Ltd 0.61%Muthoot Finance Ltd 0.61%Britannia Industries Ltd 0.59%8.08% GOI (MD 02/08/2022) SOV 0.55%PTC India Ltd 0.55%Equitas Holdings Limited 0.53%Inox Leisure Ltd 0.53%Tata Sons Ltd CRISIL AAA 0.53%Federal Bank Ltd 0.52%IDBI Bank Limited ICRA A 0.52%Finolex Cables Ltd 0.52%Reliance Ports and Terminals Ltd CRISIL AAA 0.51%Shriram City Union Finance Limited 0.49%Blue Star Ltd 0.49%MRF Ltd 0.49%NTPC Ltd 0.48%8.17% GOI (MD 01/12/2044) SOV 0.48%Bajaj Finance Ltd 0.47%Dish TV India Ltd 0.47%Hindustan Zinc Ltd 0.47%

76

Portfolio

Endurance Technologies Limited 0.46%Idea Cellular Ltd 0.46%Marico Ltd 0.46%Bank Of Baroda 0.45%Ashok Leyland Ltd 0.41%Procter & Gamble Hygiene and Health Care Ltd 0.40%

Atul Ltd 0.40%Ashoka Buildcon Ltd 0.40%National Bank For Agriculture and Rural Development CRISIL AAA 0.38%

7.74% Tamilnadu SDL (MD 01/03/2027) SOV 0.38%Power Finance Corporation Limited CRISIL AAA 0.38%7.78% West Bengal SDL (MD 01/03/2027) SOV 0.35%State Bank of India 0.35%Whirlpool of India Ltd 0.34%Carborundum Universal Ltd 0.34%Bharti Infratel Limited 0.33%Syndicate Bank CARE AA- 0.31%Tata Steel Ltd 0.29%Cummins India Ltd 0.27%Shoppers Stop Ltd 0.27%Castrol India Ltd 0.26%VA Tech Wabag Ltd 0.26%Credit Analysis and Research Limited 0.25%Crompton Greaves Ltd 0.24%Rural Electrification Corporation Limited CRISIL AAA 0.24%7.73% GOI (MD 19/12/2034) SOV 0.23%Oriental Bank of Commerce IND A+ 0.23%Jagran Prakashan Ltd 0.22%Bayer Cropscience Ltd 0.21%Glaxosmithkline Consumer Healthcare Ltd 0.21%7.75% Karnatak SDL (MD 01/03/2027) SOV 0.18%6.97% GOI (MD 06/09/2026) SOV 0.15%Cyient Limited 0.13%8.27% Karnataka SDL(MD 23/12/2025) SOV 0.13%Tata Motors Ltd DVR Shares 0.13%Dewan Housing Finance Corporation Ltd 0.11%Bata India Ltd 0.11%IDBI Bank Limited ICRA AA- 0.10%8.26% Maharashtra SDL(MD 23/12/2025) SOV 0.10%Housing Development Finance Corporation Limited 0.09%

8.24% GOI (MD 10/11/2033) SOV 0.08%Rural Electrification Corporation Limited CRISIL AAA 0.08%7.76% Madhya Pradesh SDL (MD 01/03/2027) SOV 0.08%

Inox Wind Ltd 0.08%7.59% GOI (MD 20/03/2029) SOV 0.08%6.84% GOI (MD 19/12/2022) SOV 0.08%Laurus Labs Limited 0.05%Power Grid Corporation of India Limited CRISIL AAA 0.02%6% Cum. NCv. Prefer Zee Entertainment Enter'es Ltd 0.01%

Brillio Technologies Pvt Ltd 0.00%Globsyn Technologies Ltd 0.00%Magnasound (I) Ltd 0.00%Cash & Current Assets 6.58%Total 100.00%

Birla Sun Life Index Fund


NIFTY_30/03/2017 23.60%HDFC Bank Ltd 6.42%ITC Ltd 5.18%Housing Development Finance Corporation Ltd 5.06%Reliance Industries Ltd 4.78%Infosys Ltd 4.74%ICICI Bank Ltd 3.76%Tata Consultancy Services Ltd 3.07%Larsen & Toubro Ltd 2.82%Tata Motors Ltd 2.07%Axis Bank Ltd 1.98%State Bank of India 1.96%Kotak Mahindra Bank Ltd 1.94%Maruti Suzuki India Ltd 1.83%Sun Pharmaceuticals Industries Ltd 1.72%Indusind Bank Ltd 1.50%Hindustan Unilever Ltd 1.44%Mahindra & Mahindra Ltd 1.41%Oil & Natural Gas Corporation Ltd 1.24%Bharti Airtel Ltd 1.16%HCL Technologies Ltd 1.11%Yes Bank Ltd 1.11%Asian Paints Ltd 1.08%

Power Grid Corporation of India Ltd 0.99%Coal India Ltd 0.95%NTPC Ltd 0.94%Hero MotoCorp Ltd 0.92%Ultratech Cement Ltd 0.90%Bajaj Auto Ltd 0.90%Dr Reddys Laboratories Ltd 0.84%Lupin Ltd 0.82%Bharat Petroleum Corp Ltd 0.82%Tata Steel Ltd 0.76%Wipro Ltd 0.74%Grasim Industries Ltd 0.73%Tech Mahindra Ltd 0.72%Eicher Motors Ltd 0.71%Cipla Ltd 0.69%Zee Entertainment Enterprises Ltd 0.67%Adani Ports and Special Economic Zone Ltd 0.66%Hindalco Industries Ltd 0.57%Gail (India) Ltd 0.56%Bosch Ltd 0.48%Aurobindo Pharma Ltd 0.43%Ambuja Cements Ltd 0.41%Bank Of Baroda 0.37%Tata Power Co Ltd 0.36%Bharti Infratel Limited 0.35%Bharat Heavy Electricals Ltd 0.35%Tata Motors Ltd DVR Shares 0.33%Idea Cellular Ltd 0.31%ACC Ltd 0.31%Cash & Current Assets 14.03%Net receivables / payables -13.60%Total 100.00%

Birla Sun Life Frontline Equity Fund


Infosys Ltd 4.50%HDFC Bank Ltd 4.33%ICICI Bank Ltd 4.29%Reliance Industries Ltd 4.12%ITC Ltd 3.75%Maruti Suzuki India Ltd 2.81%Tata Motors Ltd 2.78%Kotak Mahindra Bank Ltd 2.54%Indian Oil Corporation Ltd 2.45%Indusind Bank Ltd 2.40%HCL Technologies Ltd 2.28%Sun Pharmaceuticals Industries Ltd 2.24%Grasim Industries Ltd 2.22%Housing Development Finance Corporation Ltd 2.13%

State Bank of India 2.09%Larsen & Toubro Ltd 1.98%Crompton Greaves Consumer Electricals Limited 1.80%

Mahindra & Mahindra Ltd 1.70%Yes Bank Ltd 1.62%Aurobindo Pharma Ltd 1.57%Power Grid Corporation of India Ltd 1.55%Hindustan Unilever Ltd 1.42%NTPC Ltd 1.41%Federal Bank Ltd 1.36%Tech Mahindra Ltd 1.34%Bajaj Finance Ltd 1.32%Zee Entertainment Enterprises Ltd 1.28%Muthoot Finance Ltd 1.28%Coal India Ltd 1.26%Cummins India Ltd 1.12%Reliance Capital Ltd 1.11%Cholamandalam Investment and Finance Company Ltd 1.07%

Bharat Electronics Ltd 1.06%Axis Bank Ltd 1.04%Godrej Consumer Products Ltd 1.00%Vedanta Ltd 0.97%Hindustan Petroleum Corporation Ltd 0.94%Shriram City Union Finance Limited 0.88%Sanofi India Ltd 0.88%Britannia Industries Ltd 0.88%Hero MotoCorp Ltd 0.81%Gail (India) Ltd 0.79%LIC Housing Finance Ltd 0.78%Castrol India Ltd 0.78%Dr Reddys Laboratories Ltd 0.76%Divis Laboratories Ltd 0.73%Tata Steel Ltd 0.71%Tata Consultancy Services Ltd 0.68%Motherson Sumi Systems Ltd 0.67%Bayer Cropscience Ltd 0.62%Bosch Ltd 0.61%Lupin Ltd 0.59%Bank Of Baroda 0.58%Titan Company Limited 0.58%Akzo India Nobel Ltd 0.55%Glenmark Pharmaceuticals Ltd 0.55%Idea Cellular Ltd 0.53%

IRB Infrastructure Developers Ltd 0.50%Max Financial Services Limited 0.50%Torrent Pharmaceuticals Ltd 0.46%Crompton Greaves Ltd 0.45%Glaxosmithkline Consumer Healthcare Ltd 0.45%Cairn India Ltd 0.44%ICICI Prudential Life Insurance Company Limited 0.43%

Hindalco Industries Ltd 0.38%GE Power India Limited 0.35%Bharti Infratel Limited 0.34%CPSE ETF 0.32%Birla Sun Life Nifty ETF - Growth 0.32%IDFC Ltd 0.31%Glaxosmithkline Pharmaceuticals Ltd 0.31%Hindustan Zinc Ltd 0.29%L and T Finance Holdings Ltd 0.28%Cipla Ltd 0.27%ACC Ltd 0.25%Jagran Prakashan Ltd 0.24%Wipro Ltd 0.21%RELIANCE_30/03/2017 0.20%Housing Development Finance Corporation Limited 0.18%

D.B.Corp Ltd 0.18%Procter & Gamble Hygiene and Health Care Ltd 0.17%

Sun TV Network Ltd 0.17%NTPC Limited ** CRISIL AAA 0.03%NIFTY_30/03/2017 -1.34%Cash & Current Assets 4.72%

Net receivables / payables 0.45%Total 100.00%

Birla Sun Life Top 100 Fund


HDFC Bank Ltd 4.86%ICICI Bank Ltd 4.42%Infosys Ltd 4.18%Reliance Industries Ltd 4.16%ITC Ltd 3.48%Indian Oil Corporation Ltd 3.17%Grasim Industries Ltd 2.89%Tata Motors Ltd 2.84%Kotak Mahindra Bank Ltd 2.74%Maruti Suzuki India Ltd 2.72%Sun Pharmaceuticals Industries Ltd 2.69%Indusind Bank Ltd 2.60%HCL Technologies Ltd 2.50%Housing Development Finance Corporation Ltd 1.98%

Bharat Electronics Ltd 1.94%Crompton Greaves Consumer Electricals Limited 1.90%

Yes Bank Ltd 1.83%State Bank of India 1.74%Mahindra & Mahindra Ltd 1.66%Power Grid Corporation of India Ltd 1.61%Glenmark Pharmaceuticals Ltd 1.57%Aurobindo Pharma Ltd 1.51%Federal Bank Ltd 1.39%Hindustan Unilever Ltd 1.34%Coal India Ltd 1.33%Bajaj Finserv Ltd 1.25%Zee Entertainment Enterprises Ltd 1.22%Vedanta Ltd 1.12%Cummins India Ltd 1.10%Bharti Infratel Limited 1.08%Tata Steel Ltd 1.07%Larsen & Toubro Ltd 1.05%PTC India Ltd 1.02%L and T Finance Holdings Ltd 0.97%NTPC Ltd 0.96%IDFC Ltd 0.95%Axis Bank Ltd 0.95%Tech Mahindra Ltd 0.93%Ambuja Cements Ltd 0.92%Motherson Sumi Systems Ltd 0.87%Divis Laboratories Ltd 0.86%Hindustan Zinc Ltd 0.82%Petronet LNG Ltd 0.82%Torrent Pharmaceuticals Ltd 0.81%Britannia Industries Ltd 0.79%Sanofi India Ltd 0.78%UPL Limited 0.78%Birla Sun Life Nifty ETF - Growth 0.78%Tata Consultancy Services Ltd 0.72%Cairn India Ltd 0.69%Idea Cellular Ltd 0.68%

77

Portfolio



Max Financial Services Limited 0.67%Dr Reddys Laboratories Ltd 0.66%Hindalco Industries Ltd 0.59%Cholamandalam Investment and Finance Company Ltd 0.58%

Bank Of Baroda 0.58%Castrol India Ltd 0.52%Titan Company Limited 0.46%Akzo India Nobel Ltd 0.45%ICICI Prudential Life Insurance Company Limited 0.44%

Gail (India) Ltd 0.41%CPSE ETF 0.39%Hindustan Petroleum Corporation Ltd 0.39%Pfizer Ltd 0.34%Crompton Greaves Ltd 0.34%Tata Motors Ltd DVR Shares 0.32%Gujarat State Petronet Ltd 0.31%Oracle Financial Services Software Ltd 0.29%Housing Development Finance Corporation Limited 0.26%

Lupin Ltd 0.23%Reliance Capital Ltd 0.18%NTPC Limited CRISIL AAA 0.06%NIFTY_30/03/2017 -1.92%Cash & Current Assets 4.69%Net receivables / payables 1.72%Total 100.00%

Birla Sun Life Equity Fund


HDFC Bank Ltd 4.95%Cairn India Ltd 3.86%Tata Chemicals Ltd 3.59%Dr Reddys Laboratories Ltd 3.14%Maruti Suzuki India Ltd 2.93%Indusind Bank Ltd 2.70%Vedanta Ltd 2.60%Yes Bank Ltd 2.59%Tata Communications Ltd 2.54%HCL Technologies Ltd 2.52%Indian Oil Corporation Ltd 2.47%Sun Pharmaceuticals Industries Ltd 2.42%ICICI Bank Ltd 2.30%ITC Ltd 2.24%Tata Steel Ltd 2.15%Infosys Ltd 2.13%Bank Of Baroda 1.85%Cholamandalam Investment and Finance Company Ltd 1.85%Dalmia Bharat Limited 1.70%Century Textiles & Industries Ltd 1.62%Dishman Pharma & Chemicals Ltd 1.41%Kotak Mahindra Bank Ltd 1.39%Tech Mahindra Ltd 1.33%Tata Motors Ltd 1.27%Bajaj Finance Ltd 1.26%Mahanagar Gas Limited 1.22%Aurobindo Pharma Ltd 1.21%Castrol India Ltd 1.16%ACC Ltd 1.14%United Spirits Ltd 1.13%Kansai Nerolac Paints Ltd 1.11%Bharti Infratel Limited 1.10%Asian Paints Ltd 1.06%Blue Star Ltd 1.04%CESC Ltd 1.04%Hero MotoCorp Ltd 0.97%Repco Home Finance Ltd 0.92%Dish TV India Ltd 0.92%Idea Cellular Ltd 0.90%Zee Entertainment Enterprises Ltd 0.90%Exide Industries Ltd 0.90%Shriram City Union Finance Limited 0.83%Equitas Holdings Limited 0.82%IIFL Holdings Ltd 0.73%IDFC Ltd 0.72%Cummins India Ltd 0.63%Grasim Industries Ltd 0.62%Radico Khaitan Ltd 0.59%Lupin Ltd 0.52%Torrent Pharmaceuticals Ltd 0.52%LIC Housing Finance Ltd 0.50%Atul Ltd 0.50%VA Tech Wabag Ltd 0.50%Glaxosmithkline Consumer Healthcare Ltd 0.44%Power Grid Corporation of India Ltd 0.41%The Jammu and Kashmir Bank Ltd 0.41%MRF Ltd 0.40%Bharat Petroleum Corp Ltd 0.40%AIA Engineering Ltd 0.38%Piramal Enterprises Ltd 0.36%

Bata India Ltd 0.30%Bharat Electronics Ltd 0.30%L and T Finance Holdings Ltd 0.29%Cox and Kings Ltd 0.29%Kewal Kiran Clothing Limited 0.28%PNB Housing Finance Limited 0.24%Ambuja Cements Ltd 0.23%Ashok Leyland Ltd 0.22%DQ Entertainment International Ltd 0.03%MAESTROS MEDILINE SYSTEMS LIMITED 0.00%Magnasound (I) Ltd ** 0.00%Mms Infrastr Ltd 0.00%BANKNIFTY_30/03/2017 -0.83%NIFTY_30/03/2017 -1.55%Cash & Current Assets 12.41%Net receivables / payables 2.02%Total 100.00%

Birla Sun Life Advantage Fund


Yes Bank Ltd 4.99%Hindustan Petroleum Corporation Ltd 4.28%Eicher Motors Ltd 3.83%Maruti Suzuki India Ltd 3.80%Vedanta Ltd 3.60%HDFC Bank Ltd 3.46%Kotak Mahindra Bank Ltd 2.77%Indusind Bank Ltd 2.76%Natco Pharma Ltd 2.75%L and T Finance Holdings Ltd 2.36%Indraprastha Gas Ltd 2.32%Indian Oil Corporation Ltd 2.21%Bajaj Finserv Ltd 2.18%ICICI Bank Ltd 2.17%Asian Paints Ltd 1.98%State Bank of India 1.96%Infosys Ltd 1.88%The Ramco Cements Limited 1.79%Bank Of Baroda 1.76%UPL Limited 1.71%Tata Steel Ltd 1.66%Ambuja Cements Ltd 1.62%HCL Technologies Ltd 1.48%Dalmia Bharat Limited 1.47%Dr Reddys Laboratories Ltd 1.40%Sun Pharmaceuticals Industries Ltd 1.39%Tech Mahindra Ltd 1.39%Tata Motors Ltd 1.37%Britannia Industries Ltd 1.35%Repco Home Finance Ltd 1.31%Cholamandalam Investment and Finance Company Ltd 1.30%Tata Communications Ltd 1.29%Bajaj Finance Ltd 1.28%PNB Housing Finance Limited 1.22%Voltas Ltd 1.22%Bharat Petroleum Corp Ltd 1.20%Hindustan Zinc Ltd 1.14%Bharat Electronics Ltd 1.14%TVS Motor Company Ltd 1.11%Berger Paints India Ltd 1.09%Equitas Holdings Limited 1.08%Emami Ltd 1.06%Idea Cellular Ltd 1.04%Glenmark Pharmaceuticals Ltd 1.04%Mahanagar Gas Limited 0.86%V-Guard Industries Limited 0.81%Hindalco Industries Ltd 0.81%K.P.R. Mill Limited 0.78%Max Financial Services Limited 0.77%Motherson Sumi Systems Ltd 0.75%Hindustan Unilever Ltd 0.74%Bayer Cropscience Ltd 0.69%Cummins India Ltd 0.62%Engineers India Ltd 0.59%Shriram City Union Finance Limited 0.55%Kaveri Seed Company Ltd 0.52%Orient Cement Ltd 0.51%Zee Entertainment Enterprises Ltd 0.49%SRF Ltd 0.47%Bharat Financial Inclusion Ltd 0.42%Torrent Pharmaceuticals Ltd 0.39%Narayana Hrudayalaya Limited 0.38%AIA Engineering Ltd 0.37%PI Industries Ltd 0.32%Astra Microwave Products Ltd 0.27%GE T&D India Limited 0.20%Dharti Dredging 0.03%Karrox Technologies Ltd 0.00%Cash & Current Assets 3.31%Net receivables / payables -0.83%Total 100.00%

Birla Sun Life MNC Fund


Honeywell Automation India Ltd 7.32%ICRA Ltd 7.25%Gillette India Ltd 7.01%Bayer Cropscience Ltd 6.93%Bosch Ltd 6.74%Maruti Suzuki India Ltd 6.58%Pfizer Ltd 6.19%Glaxosmithkline Pharmaceuticals Ltd 5.92%Kotak Mahindra Bank Ltd 5.45%Johnson Controls–Hitachi Air Conditioning India Lt 4.59%

Capital First Limited 4.51%Thomas Cook India Ltd 3.99%Jet Airways India Ltd 3.16%Kansai Nerolac Paints Ltd 3.15%Hindustan Unilever Ltd 2.94%Procter & Gamble Hygiene and Health Care Ltd 2.31%

Cummins India Ltd 2.01%Bata India Ltd 1.85%FAG Bearings India Ltd 1.84%Castrol India Ltd 1.44%Crisil Ltd 1.19%Wabco India Ltd 1.11%Colgate Palmolive India Ltd 0.88%ACC Ltd 0.68%Quess Corp Limited 0.67%SML Isuzu Ltd 0.60%Oracle Financial Services Software Ltd 0.54%Ambuja Cements Ltd 0.39%ITD Cementation India Ltd 0.36%Nestle India Ltd 0.35%Federal-Mogul Goetze (India) Ltd 0.32%Siemens Ltd 0.26%Sanofi India Ltd 0.24%Akzo India Nobel Ltd 0.22%GE Power India Limited 0.22%Blue Dart Express Ltd 0.18%ABB India Ltd 0.17%GE T&D India Limited 0.17%Disa India Ltd 0.12%Schneider Electric Infrastructure Ltd 0.08%Blue Dart Express Limited ICRA AA 0.00%Blue Dart Express Limited ICRA AA 0.00%Blue Dart Express Limited ICRA AA 0.00%Jainpur Straw Brd and Paper Ltd 0.00%Maruti Cottex Ltd 0.00%Sree Jayalakshmi Autospin Ltd 0.00%Sri Venkatesha Mill Ltd 0.00%Visakha Aqua Farm Ltd 0.00%Cash & Current Assets 0.25%Net receivables / payables -0.18%Total 100.00%

Birla Sun Life Midcap Fund


Tube Investments of India Ltd 2.83%Federal Bank Ltd 2.82%KEC International Ltd 2.77%Mahindra CIE Automotive Ltd 2.61%Hindustan Petroleum Corporation Ltd 2.52%Yes Bank Ltd 2.27%RBL Bank Limited 2.19%Gujarat State Petronet Ltd 2.01%Indian Oil Corporation Ltd 2.01%Torrent Pharmaceuticals Ltd 1.96%IRB Infrastructure Developers Ltd 1.93%Union Bank of India 1.83%Grasim Industries Ltd 1.81%MRF Ltd 1.78%Crompton Greaves Consumer Electricals Limited 1.78%Tata Motors Ltd DVR Shares 1.73%L and T Finance Holdings Ltd 1.68%Solar Industries (I) Ltd 1.66%FAG Bearings India Ltd 1.65%Johnson Controls–Hitachi Air Conditioning India Lt 1.64%PNC Infratech Limited 1.58%PNB Housing Finance Limited 1.55%Bayer Cropscience Ltd 1.53%IDFC Ltd 1.53%Indiabulls Housing Finance Ltd 1.52%Pfizer Ltd 1.51%Tata Power Co Ltd 1.51%Petronet LNG Ltd 1.48%JK Cements Ltd 1.43%Aurobindo Pharma Ltd 1.41%

78

Portfolio

Finolex Cables Ltd 1.39%Hindalco Industries Ltd 1.38%Hindustan Zinc Ltd 1.37%Natco Pharma Ltd 1.36%TeamLease Services Limited 1.34%Jyothy Laboratories Ltd 1.31%Shriram City Union Finance Limited 1.19%Divis Laboratories Ltd 1.19%Voltas Ltd 1.17%Aditya Birla Nuvo Ltd 1.13%Capital First Limited 1.12%Bajaj Finserv Ltd 1.12%Equitas Holdings Limited 1.11%HSIL Ltd 1.10%Emami Ltd 1.08%Crompton Greaves Ltd 1.08%Bharat Electronics Ltd 1.03%Century Textiles & Industries Ltd 0.99%Bharat Financial Inclusion Ltd 0.99%Welspun India Ltd 0.97%Gujarat Fluorochemicals Ltd 0.96%Firstsource Solutions Ltd 0.91%BSE Limited 0.90%Carborundum Universal Ltd 0.90%Inox Leisure Ltd 0.87%Mindtree Ltd 0.87%SANGHI INDUSTRIES LTD 0.84%Colgate Palmolive India Ltd 0.82%Max Financial Services Limited 0.81%Satin Creditcare Network Limited 0.75%Chennai Petroleum Corporation Ltd 0.72%Cyient Limited 0.69%Glaxosmithkline Consumer Healthcare Ltd 0.69%Monte Carlo Fashions Ltd 0.59%Dalmia Bharat Limited 0.55%Simplex Infrastructures Ltd 0.44%Indraprastha Gas Ltd 0.27%Cash & Current Assets 8.50%Net receivables / payables -1.04%Total 100.00%

Birla Sun Life Small & Midcap Fund


Gujarat State Petronet Ltd 3.25%DCB Bank Limited 3.11%Sterlite Technologies Ltd 3.10%V-Guard Industries Limited 2.71%Akzo India Nobel Ltd 2.68%KEC International Ltd 2.66%Dewan Housing Finance Corporation Ltd 2.66%Mahanagar Gas Limited 2.61%Federal Bank Ltd 2.61%Jyothy Laboratories Ltd 2.42%Cyient Limited 2.39%India Cements Ltd 2.37%Bharat Financial Inclusion Ltd 2.35%IRB Infrastructure Developers Ltd 2.31%Repco Home Finance Ltd 2.27%Endurance Technologies Limited 2.25%J.Kumar Infraprojects Ltd 2.22%Inox Leisure Ltd 2.21%Mangalore Refinery & Petrochemicals Ltd 2.16%Mahindra CIE Automotive Ltd 2.11%Torrent Pharmaceuticals Ltd 2.10%Chennai Petroleum Corporation Ltd 2.08%Carborundum Universal Ltd 2.04%Solar Industries (I) Ltd 2.00%Capital First Limited 1.99%Firstsource Solutions Ltd 1.92%PNC Infratech Limited 1.89%SUVEN LIFE SCIENCES LIMITED 1.83%Equitas Holdings Limited 1.77%Natco Pharma Ltd 1.76%Rallis India Ltd 1.75%Indian Bank 1.73%Sanofi India Ltd 1.67%Laurus Labs Limited 1.66%Indo Count Industries Limited 1.62%IDFC Ltd 1.59%VIP Industries Ltd 1.52%K.P.R. Mill Limited 1.49%Relaxo Footwears Limited 1.26%Crompton Greaves Ltd 1.21%

Tata Metaliks Ltd 1.03%Orient Cement Ltd 1.02%Pennar Engineered Building Systems Ltd 0.89%Monte Carlo Fashions Ltd 0.77%HPL Electric & Power Limited 0.71%Cash & Current Assets 10.69%Net receivables / payables -0.45%Total 100.00%

Birla Sun Life Pure Value Fund


Sintex Industries Ltd 6.58%Jindal Steel and Power Ltd 5.70%Chennai Petroleum Corporation Ltd 4.93%Indraprastha Gas Ltd 4.71%Hindustan Petroleum Corporation Ltd 4.33%UPL Limited 4.30%Bharat Petroleum Corp Ltd 3.48%Gujarat Narmada Valley Fertilizers & Chemicals Ltd 3.42%Atul Ltd 3.37%Bharat Financial Inclusion Ltd 3.22%India Cements Ltd 3.09%L and T Finance Holdings Ltd 2.99%Vedanta Ltd 2.92%Reliance Capital Ltd 2.71%Indiabulls Housing Finance Ltd 2.36%Punjab National Bank 2.33%Gulf Oil Lubricants India Ltd 2.30%Indian Oil Corporation Ltd 2.26%Grasim Industries Ltd 2.12%Mahanagar Gas Limited 2.02%K.P.R. Mill Limited 1.98%Glenmark Pharmaceuticals Ltd 1.69%NCC Ltd 1.68%Blue Star Ltd 1.63%Canara Bank Ltd 1.55%Orient Cement Ltd 1.53%NIIT Technologies Ltd 1.23%Indian Terrain Fashions Ltd 1.15%Tech Mahindra Ltd 1.13%Tata Steel Ltd 1.09%Neuland Laboratories Ltd 1.04%Sanofi India Ltd 0.93%Pfizer Ltd 0.92%Omkar Speciality Chemicals Limited 0.89%SUVEN LIFE SCIENCES LIMITED 0.74%HPL Electric & Power Limited 0.61%KEC International Ltd 0.60%Dishman Pharma & Chemicals Ltd 0.52%Firstsource Solutions Ltd 0.49%Monte Carlo Fashions Ltd 0.36%Ashoka Buildcon Ltd 0.32%Torrent Pharmaceuticals Ltd 0.25%Trident Ltd 0.16%Canara Bank - Rights Form 0.03%Navkar Corporation Limited 0.01%Cash & Current Assets 2.95%Net receivables / payables 5.35%Total 100.00%



Maruti Suzuki India Ltd 7.13%Tata Chemicals Ltd 6.94%Vedanta Ltd 4.27%Hindustan Zinc Ltd 4.07%ITC Ltd 3.85%Bharat Electronics Ltd 3.13%Eicher Motors Ltd 3.06%Sun Pharmaceuticals Industries Ltd 2.99%MRF Ltd 2.96%Dishman Pharma & Chemicals Ltd 2.92%Grasim Industries Ltd 2.82%Century Textiles & Industries Ltd 2.73%Glaxosmithkline Consumer Healthcare Ltd 2.71%Ultratech Cement Ltd 2.63%Asian Paints Ltd 2.60%Rallis India Ltd 2.50%Tata Steel Ltd 2.45%Tata Motors Ltd 2.44%AIA Engineering Ltd 2.44%Kansai Nerolac Paints Ltd 2.39%Greaves Cotton Ltd 2.13%HEIDELBERGCEMENT INDIA LIMITED 1.96%Tata Coffee Limited 1.87%Bata India Ltd 1.84%United Spirits Ltd 1.78%Hero MotoCorp Ltd 1.77%Dr Reddys Laboratories Ltd 1.76%Torrent Pharmaceuticals Ltd 1.73%Cummins India Ltd 1.58%

Voltas Ltd 1.56%S H Kelkar & Company Ltd 1.39%Exide Industries Ltd 1.29%Piramal Enterprises Ltd 1.16%Hindustan Unilever Ltd 1.10%Raymond Ltd 1.10%Wabco India Ltd 1.09%United Breweries Ltd 0.99%HSIL Ltd 0.99%Bajaj Auto Ltd 0.87%Kewal Kiran Clothing Limited 0.84%Birla Corporation Ltd 0.75%Endurance Technologies Limited 0.66%Clariant Chemicals India Ltd 0.58%Inox Wind Ltd 0.41%Texmaco Rail & Engineering Ltd 0.09%IFGL REFRACTORIES LTD 0.02%Cash & Current Assets 2.08%Net receivables / payables -0.44%Total 100.00%

Birla Sun Life Banking and Financial Services Fund


HDFC Bank Ltd 10.20%ICICI Bank Ltd 9.74%Yes Bank Ltd 9.59%Bajaj Finance Ltd 7.25%Indusind Bank Ltd 6.13%Cholamandalam Investment and Finance Company Ltd 5.60%State Bank of India 5.36%Equitas Holdings Limited 4.91%Bank Of Baroda 4.57%L and T Finance Holdings Ltd 4.54%Repco Home Finance Ltd 4.14%Bharat Financial Inclusion Ltd 3.88%DCB Bank Limited 3.76%Kotak Mahindra Bank Ltd 2.52%PNB Housing Finance Limited 2.49%Max Financial Services Limited 2.43%Federal Bank Ltd 2.28%Bajaj Finserv Ltd 2.26%Capital First Limited 2.07%Shriram City Union Finance Limited 1.54%Dewan Housing Finance Corporation Ltd 1.32%ICRA Ltd 1.10%ICICI Prudential Life Insurance Company Limited 0.79%City Union Bank Ltd 0.66%Tourism Finance Corporation of India Ltd 0.13%Cash & Current Assets 1.79%Net receivables / payables -1.05%Total 100.00%

Birla Sun Life Dividend Yield Plus


ICICI Bank Ltd 5.68%Hindustan Petroleum Corporation Ltd 4.46%Vedanta Ltd 4.45%Sanofi India Ltd 3.11%Orient Cement Ltd 2.99%Hindustan Zinc Ltd 2.85%Axis Bank Ltd 2.79%Greaves Cotton Ltd 2.75%Kaveri Seed Company Ltd 2.67%Indian Oil Corporation Ltd 2.54%Bharat Petroleum Corp Ltd 2.53%Mahanagar Gas Limited 2.49%Dhanuka Agritech Ltd 2.39%Tech Mahindra Ltd 2.35%Federal Bank Ltd 2.22%Dalmia Bharat Limited 2.21%Kewal Kiran Clothing Limited 1.93%Pfizer Ltd 1.92%Jagran Prakashan Ltd 1.91%Tata Chemicals Ltd 1.87%Oracle Financial Services Software Ltd 1.81%Sintex Industries Ltd 1.69%Procter & Gamble Hygiene and Health Care Ltd 1.67%IIFL Holdings Ltd 1.63%Sun TV Network Ltd 1.62%Torrent Pharmaceuticals Ltd 1.61%Cummins India Ltd 1.59%ICICI Prudential Life Insurance Company Limited 1.53%State Bank of India 1.52%HCL Technologies Ltd 1.51%Orient Refractories Limited 1.43%Welspun India Ltd 1.42%GE Power India Limited 1.37%Multi Commodity Exchange of India Ltd 1.22%

79

Portfolio



Castrol India Ltd 1.21%D.B.Corp Ltd 1.18%PTC India Ltd 1.10%Unichem Laboratories Ltd 1.09%City Union Bank Ltd 1.06%Atul Auto Limited 1.04%Dewan Housing Finance Corporation Ltd 0.93%Idea Cellular Ltd 0.92%Crompton Greaves Ltd 0.87%Interglobe Aviation Ltd 0.85%INDUSTRIA DE DISENO TEXTIL SA 0.84%Cairn India Ltd 0.83%Crompton Greaves Consumer Electricals Limited 0.82%Power Grid Corporation of India Ltd 0.79%Infosys Ltd 0.76%Oriental Hotels Ltd 0.73%Max Financial Services Limited 0.73%Jyothy Laboratories Ltd 0.71%Gateway Distriparks Ltd 0.70%The Jammu and Kashmir Bank Ltd 0.65%CPSE ETF 0.47%Gujarat Mineral Development Ltd 0.47%Fortis Healthcare Ltd 0.42%Orbit Exports Ltd 0.42%Automotive Axles Ltd 0.41%Sonata Software Ltd 0.40%K.P.R. Mill Limited 0.36%Swaraj Engines Ltd 0.32%NIIT Technologies Ltd 0.30%AXISBANK_30/03/2017 -0.69%Cash & Current Assets 0.70%Net receivables / payables 0.89%Total 100.00%



Indusind Bank Ltd 4.70%HDFC Bank Ltd 4.61%Yes Bank Ltd 4.34%ITC Ltd 4.00%Infosys Ltd 3.70%UPL Limited 3.69%Chennai Petroleum Corporation Ltd 2.86%Tech Mahindra Ltd 2.70%HCL Technologies Ltd 2.62%Maruti Suzuki India Ltd 2.55%Tata Motors Ltd 2.27%State Bank of India 2.23%Atul Ltd 2.20%Hindustan Petroleum Corporation Ltd 2.14%Equitas Holdings Limited 2.08%Vedanta Ltd 2.05%SRF Ltd 1.90%Bharti Infratel Limited 1.89%Kotak Mahindra Bank Ltd 1.86%ICICI Bank Ltd 1.83%Sun Pharmaceuticals Industries Ltd 1.80%Ambuja Cements Ltd 1.67%Crompton Greaves Consumer Electricals Limited 1.58%J.Kumar Infraprojects Ltd 1.48%Gulf Oil Lubricants India Ltd 1.48%Eicher Motors Ltd 1.44%Dr Reddys Laboratories Ltd 1.34%Shriram City Union Finance Limited 1.27%Hindalco Industries Ltd 1.24%L and T Finance Holdings Ltd 1.21%Mahanagar Gas Limited 1.16%Hindustan Unilever Ltd 1.15%Cummins India Ltd 1.14%Sintex Industries Ltd 1.12%Bharat Petroleum Corp Ltd 1.11%Motherson Sumi Systems Ltd 1.09%Muthoot Finance Ltd 1.09%Ashok Leyland Ltd 1.08%Apollo Hospital Enterprise Ltd 1.08%The Jammu and Kashmir Bank Ltd 1.08%Emami Ltd 1.04%Glaxosmithkline Consumer Healthcare Ltd 1.01%Larsen & Toubro Ltd 1.01%Inox Leisure Ltd 1.00%Lupin Ltd 0.94%IRB Infrastructure Developers Ltd 0.92%Hexaware Technologies Ltd 0.89%Britannia Industries Ltd 0.86%Zee Entertainment Enterprises Ltd 0.81%City Union Bank Ltd 0.80%Hindustan Zinc Ltd 0.79%Satin Creditcare Network Limited 0.75%Aurobindo Pharma Ltd 0.74%Cyient Limited 0.73%Divis Laboratories Ltd 0.73%GE Power India Limited 0.57%Blue Star Ltd 0.56%NIIT Technologies Ltd 0.50%

United Breweries Holdings Ltd 0.36%United Spirits Ltd 0.23%Cash & Current Assets 2.03%Net receivables / payables 0.87%Total 100.00%

Birla Sun Life India Reforms Fund


Yes Bank Ltd 10.72%Eicher Motors Ltd 7.96%State Bank of India 6.39%Voltas Ltd 6.16%ICICI Bank Ltd 5.88%Indusind Bank Ltd 5.86%Capital First Limited 5.83%Repco Home Finance Ltd 5.66%Bajaj Finserv Ltd 5.65%Maruti Suzuki India Ltd 4.88%Atul Auto Limited 3.54%Cummins India Ltd 3.37%VA Tech Wabag Ltd 2.60%Bharat Petroleum Corp Ltd 2.60%Hindustan Zinc Ltd 2.54%Indraprastha Gas Ltd 2.24%Ashoka Buildcon Ltd 2.00%Natco Pharma Ltd 1.99%Equitas Holdings Limited 1.90%Hindalco Industries Ltd 1.82%HDFC Bank Ltd 1.72%Kotak Mahindra Bank Ltd 1.65%Tata Motors Ltd DVR Shares 1.34%Larsen & Toubro Ltd 1.21%Bharat Electronics Ltd 1.12%GE Power India Limited 1.06%Sintex Industries Ltd 0.99%Jindal Steel and Power Ltd 0.85%Bayer Cropscience Ltd 0.48%6% Cum. NCv. Prefer Zee Entertainment Enter'es Ltd 0.10%Cash & Current Assets 2.52%Net receivables / payables -2.63%Total 100.00%

Birla Sun Life Infrastructure Fund

Allocation as a % of Net Assets %Honeywell Automation India Ltd 3.78%Wabco India Ltd 3.28%Sintex Industries Ltd 3.06%PTC India Ltd 2.99%Indraprastha Gas Ltd 2.88%Crompton Greaves Consumer Electricals Limited 2.86%Orient Cement Ltd 2.76%Ashoka Buildcon Ltd 2.71%Federal Bank Ltd 2.63%VA Tech Wabag Ltd 2.62%Mahanagar Gas Limited 2.45%Greaves Cotton Ltd 2.44%Grasim Industries Ltd 2.33%Indian Oil Corporation Ltd 2.28%HDFC Bank Ltd 2.27%Cairn India Ltd 2.14%Bharat Electronics Ltd 1.99%J.Kumar Infraprojects Ltd 1.96%Tata Chemicals Ltd 1.90%Finolex Cables Ltd 1.88%Blue Star Ltd 1.87%ICICI Bank Ltd 1.82%Muthoot Finance Ltd 1.81%L and T Finance Holdings Ltd 1.80%Orient Refractories Limited 1.78%Kaveri Seed Company Ltd 1.77%Multi Commodity Exchange of India Ltd 1.73%Cummins India Ltd 1.71%Hindustan Zinc Ltd 1.70%Capital First Limited 1.68%Equitas Holdings Limited 1.67%KEC International Ltd 1.63%Kalpataru Power Transmission Ltd 1.60%NCC Ltd 1.46%Carborundum Universal Ltd 1.44%Hindustan Petroleum Corporation Ltd 1.42%Bharat Petroleum Corp Ltd 1.26%Bajaj Finance Ltd 1.25%Astra Microwave Products Ltd 1.23%Indusind Bank Ltd 1.23%Tata Motors Ltd 1.21%ICRA Ltd 1.18%Hindalco Industries Ltd 1.11%Inox Wind Ltd 1.10%IRB Infrastructure Developers Ltd 1.09%Vedanta Ltd 1.07%Bharti Infratel Limited 1.07%Somany Ceramics Ltd 1.05%Jindal Steel and Power Ltd 1.01%Idea Cellular Ltd 1.00%TD Power Systems Ltd 0.79%Tata Steel Ltd 0.76%GE Power India Limited 0.74%Castrol India Ltd 0.69%Ambuja Cements Ltd 0.56%Century Textiles & Industries Ltd 0.49%

Housing Development Finance Corporation Limited 0.37%Crompton Greaves Ltd 0.34%HPL Electric & Power Limited 0.04%FAG Bearings India Ltd 0.04%Cash & Current Assets 1.75%Net receivables / payables -0.52%Total 100.00%

Birla Sun Life New Millennium Fund


Infosys Ltd 33.14%Tech Mahindra Ltd 9.73%HCL Technologies Ltd 9.70%NIIT Technologies Ltd 7.86%Cyient Limited 6.06%Sonata Software Ltd 5.54%Hexaware Technologies Ltd 5.12%Tata Consultancy Services Ltd 4.88%Inox Leisure Ltd 4.87%Persistent Systems Ltd 4.07%Tata Communications Ltd 1.84%Zee Entertainment Enterprises Ltd 1.16%Sterlite Technologies Ltd 0.99%Shemaroo Entertainment Ltd 0.92%Bharti Infratel Limited 0.91%6% Cum. NCv. Prefer Zee Entertainment Enter'es Ltd 0.27%Magnasound (I) Ltd 0.00%Cash & Current Assets 1.58%Net receivables / payables 1.35%Total 100.00%

Birla Sun Life India GenNext Fund


HDFC Bank Ltd 5.41%Maruti Suzuki India Ltd 4.62%ITC Ltd 4.08%Indusind Bank Ltd 3.86%Eicher Motors Ltd 3.76%Kotak Mahindra Bank Ltd 2.91%Yes Bank Ltd 2.83%Housing Development Finance Corporation Ltd 2.73%Asian Paints Ltd 2.49%United Spirits Ltd 2.28%Indian Oil Corporation Ltd 2.25%ICICI Prudential Life Insurance Company Limited 2.10%Sun Pharmaceuticals Industries Ltd 1.98%Britannia Industries Ltd 1.88%Cholamandalam Investment and Finance Company Ltd 1.86%Century Textiles & Industries Ltd 1.86%Tata Motors Ltd 1.78%Jyothy Laboratories Ltd 1.71%Zee Entertainment Enterprises Ltd 1.68%Whirlpool of India Ltd 1.63%Emami Ltd 1.50%Voltas Ltd 1.45%Castrol India Ltd 1.43%Repco Home Finance Ltd 1.41%Blue Star Ltd 1.37%LIC Housing Finance Ltd 1.36%Colgate Palmolive India Ltd 1.36%Titan Company Limited 1.36%Nestle India Ltd 1.24%Bharat Financial Inclusion Ltd 1.23%Hindustan Unilever Ltd 1.18%Grasim Industries Ltd 1.16%ACC Ltd 1.10%Bajaj Finance Ltd 1.08%Apollo Hospital Enterprise Ltd 1.06%Thyrocare Technologies Ltd 1.05%Aditya Birla Nuvo Ltd 1.02%HEIDELBERGCEMENT INDIA LIMITED 0.98%City Union Bank Ltd 0.94%Bata India Ltd 0.93%Torrent Pharmaceuticals Ltd 0.91%Exide Industries Ltd 0.91%Dr Reddys Laboratories Ltd 0.88%Marico Ltd 0.87%Inox Leisure Ltd 0.86%Aurobindo Pharma Ltd 0.86%Laurus Labs Limited 0.85%Phoenix Mills Ltd 0.84%Glaxosmithkline Consumer Healthcare Ltd 0.84%Capital First Limited 0.78%Equitas Holdings Limited 0.76%Cox and Kings Ltd 0.74%Relaxo Footwears Limited 0.73%Muthoot Finance Ltd 0.69%Dish TV India Ltd 0.66%Sanofi India Ltd 0.64%Radico Khaitan Ltd 0.62%Dr. Lal Pathlabs Limited 0.57%Jubilant Foodworks Ltd 0.49%

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Portfolio

Monte Carlo Fashions Ltd 0.41%6% Cum. NCv. Prefer Zee Entertainment Enter'es Ltd 0.14%Magnasound (I) Ltd 0.00%Cash & Current Assets 7.90%Net receivables / payables -0.83%Total 100.00%


Allocation as a % of Net Assets %Cummins India Ltd 6.33%Honeywell Automation India Ltd 6.17%Sanofi India Ltd 5.88%HCL Technologies Ltd 5.56%Sun Pharmaceuticals Industries Ltd 5.11%Infosys Ltd 5.05%Tech Mahindra Ltd 4.94%NIIT Technologies Ltd 4.78%Reliance Industries Ltd 4.41%Hexaware Technologies Ltd 4.35%Hindustan Zinc Ltd 4.35%Wabco India Ltd 4.32%Vedanta Ltd 4.10%AIA Engineering Ltd 3.52%Torrent Pharmaceuticals Ltd 3.24%UPL Limited 3.13%Aurobindo Pharma Ltd 2.57%Sonata Software Ltd 2.55%Crisil Ltd 2.47%Dr Reddys Laboratories Ltd 2.26%Bharat Forge Ltd 2.00%Glenmark Pharmaceuticals Ltd 1.91%Cyient Limited 1.53%Persistent Systems Ltd 1.51%Hindalco Industries Ltd 1.46%K.P.R. Mill Limited 1.37%Lupin Ltd 1.28%KEC International Ltd 1.06%Dishman Pharma & Chemicals Ltd 1.00%Brillio Technologies Pvt Ltd 0.00%Jainpur Straw Brd and Paper Ltd 0.00%Magnasound (I) Ltd 0.00%Oriqua Ltd 0.00%Sree Rama Polymer 0.00%Cash & Current Assets 1.77%Net receivables / payables 0.02%Total 100.00%

Birla Sun Life International Equity Fund - Plan A

Allocation as a % of Net Assets %Aetna Inc New 4.94%APPLE INC 4.85%The Boeing Co 4.04%FEDEX CORP 3.58%VALERO ENERGY CORP 3.58%AXA SA 3.48%NORDEA BANK AB 3.19%SWISS RE AG 3.06%Delta Air Lines Inc 3.03%SANOFI 3.02%EASTMAN CHEMICAL CO 2.94%HARMAN INTERNATIONAL 2.89%FORD MOTOR CO 2.87%Amerisource Bergen Corp 2.75%EXPEDIA INC 2.75%Westfield Corporation 2.72%TELENOR 2.71%PING AN INS GRP-H 2.69%CH ROBINSON WORLDWIDE ORD 2.63%TJX ORD 2.47%Telstra Corporation Ltd 2.37%Koninklijke Ahold Delhaize NV 2.34%TYSON FOODS INC 2.21%MONSANTO CO 2.17%ESTEE LAUDER CL A ORD 2.15%CVS CAREMARK CORP 2.11%GILEAD SCIENCES INC 2.02%JOHNSON AND JOHNSON 2.00%QUALCOMM INC 1.93%PUBLICIS GROUPE SA 1.92%PROSIEBEN SAT.1 MEDIA SE 1.85%Imperial Brands Plc 1.84%CenturyLink Inc 1.81%SAMSUNG ELECTRONICS - GDR 1.59%XEROX CORP 1.19%HEWLETT PACKARD CO 1.06%Dell Technologies Inc 0.80%Conduent Inc 0.53%Cash & Current Assets 5.13%Net receivables / payables -1.20%Total 100.00%

Birla Sun Life International Equity Fund - Plan B

Allocation as a % of Net Assets %HDFC Bank Ltd 6.79%Indian Oil Corporation Ltd 3.57%

Repco Home Finance Ltd 3.23%Bajaj Finance Ltd 2.71%Infosys Ltd 2.57%Indusind Bank Ltd 2.45%Eicher Motors Ltd 2.36%HCL Technologies Ltd 1.76%Axis Bank Ltd 1.76%Cummins India Ltd 1.73%Shriram City Union Finance Limited 1.71%IFGL REFRACTORIES LTD 1.70%VST Industries Ltd 1.64%ICICI Bank Ltd 1.57%PTC India Ltd 1.49%D.B.Corp Ltd 1.47%Orient Refractories Limited 1.38%Kewal Kiran Clothing Limited 1.36%Hindustan Zinc Ltd 1.33%Aurobindo Pharma Ltd 1.29%Emami Ltd 1.27%Equitas Holdings Limited 1.23%Indian Terrain Fashions Ltd 1.21%Tata Motors Ltd 1.20%Atul Auto Limited 1.16%APPLE INC 1.16%Housing Development Finance Corporation Ltd 1.07%Mahanagar Gas Limited 1.02%Aetna Inc New 1.01%Sanofi India Ltd 1.01%Hindalco Industries Ltd 0.99%Tech Mahindra Ltd 0.98%ITC Ltd 0.96%Power Grid Corporation of India Ltd 0.94%Ashoka Buildcon Ltd 0.90%Vedanta Ltd 0.89%VALERO ENERGY CORP 0.88%Crompton Greaves Consumer Electricals Limited 0.88%Kaveri Seed Company Ltd 0.87%AXA SA 0.84%Cairn India Ltd 0.83%The Boeing Co 0.82%Orient Cement Ltd 0.78%FEDEX CORP 0.76%SANOFI 0.72%SWISS RE AG 0.70%EXPEDIA INC 0.70%V-Mart Retail Limited 0.69%Sun Pharmaceuticals Industries Ltd 0.69%EASTMAN CHEMICAL CO 0.68%MONSANTO CO 0.67%Amerisource Bergen Corp 0.66%HARMAN INTERNATIONAL 0.65%NORDEA BANK AB 0.65%JOHNSON AND JOHNSON 0.64%Dalmia Bharat Limited 0.63%K.P.R. Mill Limited 0.63%Thomas Cook India Ltd 0.63%Koninklijke Ahold Delhaize NV 0.62%Westfield Corporation 0.62%Sonata Software Ltd 0.62%FORD MOTOR CO 0.60%Grasim Industries Ltd 0.60%PROSIEBEN SAT.1 MEDIA SE 0.60%QUALCOMM INC 0.59%Imperial Brands Plc 0.59%TELENOR 0.58%TYSON FOODS INC 0.57%Delta Air Lines Inc 0.56%PING AN INS GRP-H 0.56%SAMSUNG ELECTRONICS - GDR 0.54%City Union Bank Ltd 0.54%CH ROBINSON WORLDWIDE ORD 0.52%HEIDELBERGCEMENT INDIA LIMITED 0.52%TJX ORD 0.51%Telstra Corporation Ltd 0.51%Orbit Exports Ltd 0.48%CVS CAREMARK CORP 0.48%GILEAD SCIENCES INC 0.46%ESTEE LAUDER CL A ORD 0.43%CenturyLink Inc 0.40%PUBLICIS GROUPE SA 0.39%XEROX CORP 0.34%The Jammu and Kashmir Bank Ltd 0.30%HEWLETT PACKARD CO 0.29%Dell Technologies Inc 0.20%Conduent Inc 0.15%Crompton Greaves Ltd 0.02%Cash & Current Assets 8.89%Net receivables / payables 0.07%Total 100.00%

Birla Sun Life Commodity Equities Fund - Global Agri Plan (GAP)


MONSANTO CO 9.71%DEERE & CO 9.36%SYNGENTA LTD REG SHS 8.65%ARCHER-DANIELS-MIDLAND CO 8.42%ASSOCIATED BRITISH FOODS PLC 7.49%BUNGE LTD 5.82%TYSON FOODS INC 5.76%BRF SA 5.40%Kubota Corp 5.32%Potash Corp Of Saskatchewan Inc USD 5.18%AGRIUM INC 4.15%INGREDION INC 3.84%

WILMAR INTERNATIONAL LTD 3.23%The Mosaic Company Limited 3.06%Marine Harvest ASA 2.85%CF INDUSTRIES HOLDINGS INC ORD SHS 2.45%YARA INTERNATIONAL ASA 1.81%Sociedad Quimica yMinera de Chile SA 1.52%Uralkaliy OJSC SHS GDR 1.49%GOLDEN AGRI-RESOURCES LTD 1.01%Israel Chemicals Ltd 0.48%Nippon Meat Pack Ord 0.41%Cash & Current Assets 4.54%Net receivables / payables -1.95%Total 100.00%



Legg Manson Martin Currie Global Resources Fund 44.86%First State Glob Umbrella Fund Global Res Fund - I 42.80%Cash & Current Assets 13.13%Net receivables / payables -0.79%Total 100.00%



ING (L) Invest Global Real Estate - I Cap USD 98.34%Net receivables / payables 1.19%Cash & Current Assets 0.47%Total 100.00%

Birla Sun Life Gold ETF


Gold 99.57%Cash & Current Assets 0.39%Net receivables / payables 0.04%Total 100.00%

Birla Sun Life Gold Fund

Allocation as a % of Net Assets %Birla Sun Life Gold ETF 99.11%Cash & Current Assets 1.40%Net receivables / payables -0.51%Total 100.00%

Birla Sun Life Asset Allocator Multi Manager FoF Scheme

Allocation as a % of Net Assets %Birla Sun Life Short Term Fund Grwth - Direct Plan 32.79%IDFC Dynamic Bond Fund-Direct Plan-Growth 19.17%MOSt Focused Multicap 35-Direct Plan-Growth Option 16.36%Birla Sun Life Frontline Eq Fd - Gr - Direct Plan 9.89%SBI Blue Chip Fund-Direct Plan -Growth 7.58%Mirae Asset India Opp'ties Fund-Direct Plan-Growth 5.80%Cash & Current Assets 4.68%Net receivables / payables 3.73%Total 100.00%

Birla Sun Life Financial Planning FOF-Aggressive Plan

Allocation as a % of Net Assets %MOSt Focused Multicap 35-Direct Plan-Growth Option 16.31%Birla Sun Life Advantage Fund - Gr - Dir Pl 15.12%Birla Sun Life Frontline Eq Fd - Gr - Direct Plan 13.90%Birla Sun Life Cash Plus - Growth - Direct Plan 12.82%Mirae Asset India Opp'ties Fund-Direct Plan-Growth 12.67%SBI Blue Chip Fund-Direct Plan -Growth 11.97%Birla Sun Life MediumTerm Plan -Gr - Direct Plan 5.96%R*Shares Gold BeES 2.58%IDFC Dynamic Bond Fund-Direct Plan-Growth 2.56%Birla Sun Life Short Term Fund Grwth - Direct Plan 2.15%Kotak MF Gold ETF 1.65%Cash & Current Assets 0.67%Net receivables / payables 1.63%Total 100.00%

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Portfolio



Note: The above Allocation is As on February 28, 2017 as per Industry classification as recommended by AMFI.

Birla Sun Life EnhancedArbitrage Fund

Allocation as a % of Net Assets %Margin Fixed Deposit 12.56%Finance 11.40%Banks 8.66%Auto 7.62%Consumer Non Durables 7.28%Pharmaceuticals 6.38%Money Market Instruments 6.16%Corporate Debt 6.06%Petroleum Products 4.02%Power 3.35%Construction Project 3.16%Ferrous Metals 2.78%Cement 2.26%Media & Entertainment 2.21%Oil 1.78%Non - Ferrous Metals 1.69%Auto Ancillaries 1.08%Services 1.03%Pesticides 0.99%Telecom - Services 0.88%Industrial Capital Goods 0.84%Software 0.79%Transportation 0.58%Gas 0.55%

Birla Sun Life EnhancedArbitrage Fund

Allocation as a % of Net Assets %Construction 0.49%Industrial Products 0.41%Consumer Durables 0.30%Telecom - Equipment & Ac-cessories 0.29%

Textile Products 0.12%Chemicals 0.06%Minerals/Mining 0.02%Futures and Options -71.35%Cash & Current Assets 7.17%Net receivables / payables 68.36%Total Net Assets 100.00%

WEALTH CREATION SOLUTIONS

Birla Sun Life Balanced ‘95 Fund


Banks 13.48%Government Bond 12.82%Pharmaceuticals 7.24%Finance 7.22%Auto 5.73%Corporate Debt 5.53%Consumer Non Durables 5.23%Software 4.88%Petroleum Products 4.45%Media & Entertainment 3.47%State Government Bond 3.35%Consumer Durables 2.54%Power 1.85%Industrial Products 1.81%Industrial Capital Goods 1.78%Chemicals 1.44%Non - Ferrous Metals 1.41%Pesticides 1.24%Construction Project 1.08%Cement 0.99%Auto Ancillaries 0.95%Floating Rate Note 0.90%Gas 0.89%Money Market Instruments 0.72%Oil 0.71%Telecom - Services 0.46%Telecom - Equipment & Accessories 0.33%

Ferrous Metals 0.29%Retailing 0.27%Engineering Services 0.26%WARRANT 0.09%Miscellaneous 0.00%Cash & Current Assets 6.58%Total Net Assets 100.00%

Birla Sun Life Balanced Advantage Fund


Banks 8.35%Gas 7.51%Consumer Non Durables 6.74%Pharmaceuticals 6.30%Software 5.37%Petroleum Products 4.59%Industrial Products 4.45%Industrial Capital Goods 4.37%Auto 3.88%Chemicals 2.86%Power 2.76%Telecom - Equipment & Accessories 1.89%Telecom - Services 1.56%Ferrous Metals 1.43%Non - Ferrous Metals 1.38%Finance 1.37%Media & Entertainment 0.95%Cement 0.85%Exchange Traded Fund 0.80%Minerals/Mining 0.55%Oil 0.47%Auto Ancillaries 0.47%Consumer Durables 0.38%Transportation 0.25%Corporate Debt 0.00%Futures and Options -30.33%Cash & Current Assets 40.57%Net receivables / payables 20.24%Total Net Assets 100.00%

Industry Allocation

SAVINGS SOLUTIONS

Birla Sun Life Equity Savings Fund

Allocation as a % of Net Assets %Finance 16.86%Money Market Instruments 13.80%Banks 12.71%Government Bond 10.25%Consumer Non Durables 7.05%Pharmaceuticals 5.58%Auto 4.64%Petroleum Products 3.95%Construction Project 3.50%Cement 2.32%Oil 2.05%Industrial Products 1.64%Industrial Capital Goods 1.54%Non - Ferrous Metals 1.52%Auto Ancillaries 1.45%Services 1.33%Textile Products 0.84%Pesticides 0.72%Chemicals 0.52%Software 0.51%Engineering Services 0.41%Consumer Durables 0.39%Healthcare Services 0.30%Power 0.26%Minerals/Mining 0.25%Retailing 0.22%Futures and Options -27.73%Cash & Current Assets 0.98%Net receivables / payables 32.14%Total Net Assets 100.00%

Birla Sun Life Index Fund


Futures and Options 23.60%Banks 19.02%Software 10.38%Auto 8.17%Consumer Non Durables 7.70%Petroleum Products 5.60%Finance 5.06%Pharmaceuticals 4.51%Construction Project 2.82%Cement 2.36%Power 2.29%Telecom - Services 1.47%Oil 1.24%Minerals/Mining 0.95%Ferrous Metals 0.76%Media & Entertainment 0.67%Transportation 0.66%Non - Ferrous Metals 0.57%Gas 0.56%Auto Ancillaries 0.48%Telecom - Equipment & Accessories 0.35%

Industrial Capital Goods 0.35%Cash & Current Assets 14.03%Net receivables / payables -13.60%Total Net Assets 100.00%The Financial Solution(s) stated above is

ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns.

82



Birla Sun Life Equity Fund

Allocation as a % of Net Assets %Banks 16.19%Pharmaceuticals 9.56%Finance 8.16%Consumer Non Durables 6.58%Software 5.97%Auto 5.39%Cement 5.30%Chemicals 4.10%Petroleum Products 4.03%Oil 3.86%Telecom - Services 3.43%Non - Ferrous Metals 2.60%Ferrous Metals 2.15%Media & Entertainment 1.84%Power 1.45%Consumer Durables 1.34%Auto Ancillaries 1.30%Gas 1.22%Telecom - Equipment & Accessories 1.10%

Industrial Products 1.01%Engineering Services 0.50%Industrial Capital Goods 0.30%Transportation 0.29%Textile Products 0.28%Miscellaneous 0.00%Futures and Options -2.39%Cash & Current Assets 12.41%Net receivables / payables 2.02%Total Net Assets 100.00%

Birla Sun Life Frontline Equity Fund


Banks 20.24%Finance 10.10%Software 9.02%Pharmaceuticals 8.35%Petroleum Products 8.30%Consumer Non Durables 8.22%Auto 8.10%Power 2.96%Cement 2.47%Consumer Durables 2.38%Construction Project 1.98%Media & Entertainment 1.87%Industrial Capital Goods 1.87%Non - Ferrous Metals 1.64%Auto Ancillaries 1.28%Minerals/Mining 1.26%Industrial Products 1.12%Gas 0.79%Ferrous Metals 0.71%Exchange Traded Fund 0.64%Pesticides 0.62%Telecom - Services 0.53%Construction 0.50%Oil 0.44%Telecom - Equipment & Accessories 0.34%

WARRANT 0.18%Corporate Debt 0.03%Futures and Options -1.14%Cash & Current Assets 4.72%Net receivables / payables 0.45%Total Net Assets 100.00%

Birla Sun Life Top 100 Fund


Banks 21.11%Pharmaceuticals 9.46%Software 8.63%Petroleum Products 8.24%Auto 7.54%Finance 7.03%Consumer Non Durables 6.07%Cement 3.81%Power 3.59%Non - Ferrous Metals 2.53%Consumer Durables 2.37%Industrial Capital Goods 2.28%Gas 1.53%Minerals/Mining 1.33%Media & Entertainment 1.22%Exchange Traded Fund 1.17%Industrial Products 1.10%Telecom - Equipment & Accessories 1.08%

Ferrous Metals 1.07%Construction Project 1.05%Auto Ancillaries 0.87%Pesticides 0.78%Oil 0.69%Telecom - Services 0.68%WARRANT 0.26%Corporate Debt 0.06%Futures and Options -1.92%Cash & Current Assets 4.69%Net receivables / payables 1.72%Total Net Assets 100.00%

Birla Sun Life Advantage Fund


Banks 19.87%Finance 12.47%Auto 10.10%Petroleum Products 7.69%Pharmaceuticals 6.97%Consumer Non Durables 6.73%Non - Ferrous Metals 5.55%Cement 5.38%Software 4.75%Gas 3.18%Pesticides 2.71%Telecom - Services 2.33%Industrial Capital Goods 2.14%Construction Project 1.81%Ferrous Metals 1.66%Textile Products 1.25%Industrial Products 0.98%Auto Ancillaries 0.75%Media & Entertainment 0.49%Healthcare Services 0.38%Telecom - Equipment & Ac-cessories 0.27%

Miscellaneous 0.03%Cash & Current Assets 3.31%Net receivables / payables -0.83%Total Net Assets 100.00%

Birla Sun Life MNC Fund

Allocation as a % of Net Assets %Consumer Non Durables 16.87%Finance 12.96%Pharmaceuticals 12.34%Industrial Capital Goods 8.34%Auto Ancillaries 8.17%Auto 7.18%Pesticides 6.93%Consumer Durables 6.44%Banks 5.45%Services 3.99%Industrial Products 3.85%Transportation 3.34%Petroleum Products 1.44%Cement 1.07%Commercial Services 0.67%Software 0.54%Construction 0.36%Corporate Debt 0.01%Miscellaneous 0.00%Cash & Current Assets 0.25%Net receivables / payables -0.18%Total Net Assets 100.00%

Birla Sun Life Midcap Fund

Allocation as a % of Net Assets %Finance 14.28%Banks 9.12%Pharmaceuticals 7.43%Industrial Products 6.55%Cement 5.62%Petroleum Products 5.25%Auto Ancillaries 4.61%Consumer Durables 4.52%Construction 3.95%Construction Project 3.94%Consumer Non Durables 3.90%Gas 3.77%Non - Ferrous Metals 2.75%Chemicals 2.62%Software 2.47%Industrial Capital Goods 2.10%Auto 1.73%Textile Products 1.56%Pesticides 1.53%Power 1.51%Commercial Services 1.34%Services 1.13%Media & Entertainment 0.87%Cash & Current Assets 8.50%Net receivables / payables -1.04%Total Net Assets 100.00%

Birla Sun Life Small & Midcap Fund

Allocation as a % of Net Assets %Finance 12.64%Pharmaceuticals 9.03%Banks 7.45%Industrial Products 7.25%Construction 6.42%Gas 5.86%Consumer Non Durables 5.10%Software 4.31%Petroleum Products 4.24%Industrial Capital Goods 3.92%Consumer Durables 3.49%Cement 3.39%Construction Project 2.66%Textile Products 2.26%Auto Ancillaries 2.25%Media & Entertainment 2.21%Chemicals 2.00%Ferrous Metals 1.91%Pesticides 1.75%Textiles - Cotton 1.62%Cash & Current Assets 10.69%Net receivables / payables -0.45%Total Net Assets 100.00%

Birla Sun Life Pure Value Fund

Allocation as a % of Net Assets %Petroleum Products 17.30%Finance 11.28%Chemicals 7.68%Ferrous Metals 6.79%Cement 6.74%Gas 6.73%Industrial Products 6.58%Pharmaceuticals 6.08%Pesticides 4.30%Banks 3.92%Textile Products 3.65%Non - Ferrous Metals 2.92%Software 2.85%Construction Project 2.60%Consumer Durables 2.25%Transportation 0.01%Cash & Current Assets 2.95%Net receivables / payables 5.35%Total Net Assets 100.00%

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Industry Allocation






Allocation as a % of Net Assets %Consumer Non Durables 18.68%Auto 15.28%Cement 10.89%Pharmaceuticals 10.56%Non - Ferrous Metals 8.34%Chemicals 7.53%Industrial Products 6.16%Auto Ancillaries 6.01%Industrial Capital Goods 3.64%Consumer Durables 2.83%Pesticides 2.50%Ferrous Metals 2.45%Textile Products 1.93%Construction Project 1.56%Cash & Current Assets 2.08%Net receivables / payables -0.44%Total Net Assets 100.00%

Birla Sun Life India Reforms Fund


Banks 32.22%Finance 19.03%Auto 17.72%Construction Project 9.37%Non - Ferrous Metals 4.37%Industrial Products 4.36%Engineering Services 2.60%Petroleum Products 2.60%Gas 2.24%Industrial Capital Goods 2.18%Pharmaceuticals 1.99%Ferrous Metals 0.85%Pesticides 0.48%Media & Entertainment 0.10%Cash & Current Assets 2.52%Net receivables / payables -2.63%Total Net Assets 100.00%

Birla Sun Life Infrastructure Fund


Industrial Products 12.34%Finance 11.12%Industrial Capital Goods 8.75%Banks 7.95%Cement 6.14%Construction Project 5.79%Petroleum Products 5.64%Gas 5.33%Consumer Durables 4.77%Power 4.59%Construction 4.10%Non - Ferrous Metals 3.87%Auto Ancillaries 3.28%Engineering Services 2.62%Telecom - Equipment & Accessories 2.30%

Oil 2.14%Chemicals 1.90%Ferrous Metals 1.78%Consumer Non Durables 1.77%Auto 1.21%Telecom - Services 1.00%WARRANT 0.37%Cash & Current Assets 1.75%Net receivables / payables -0.52%Total Net Assets 100.00%

Birla Sun Life International Equity Fund - Plan A

Allocation as a % of Net Assets %United States 64.30%Australia 5.09%France 4.94%Germany 4.32%Sweden 3.19%Swaziland 3.06%Norway 2.71%Hong Kong 2.69%Netherlands 2.34%Switzerland 1.84%Korea, Republic Of 1.59%Cash & Current Assets 5.13%Net receivables / payables -1.20%Total Net Assets 100.00%


Allocation as a % of Net Assets %United States 15.04%Banks 13.41%Finance 9.95%Software 5.93%Industrial Products 4.82%Consumer Non Durables 4.74%Auto 4.72%Textile Products 3.67%Petroleum Products 3.57%Non - Ferrous Metals 3.21%Pharmaceuticals 2.98%Cement 2.53%Power 2.43%Media & Entertainment 1.47%Australia 1.13%France 1.11%Germany 1.11%Gas 1.02%Construction Project 0.90%Consumer Durables 0.88%Oil 0.83%Swaziland 0.70%Retailing 0.69%

Birla Sun Life New Millennium Fund


Software 86.11%Media & Entertainment 7.22%Telecom - Services 1.84%Industrial Products 0.99%Telecom - Equipment & Accessories 0.91%

Miscellaneous 0.00%Cash & Current Assets 1.58%Net receivables / payables 1.35%Total Net Assets 100.00%

Country/Industry Allocation


Allocation as a % of Net Assets %Software 30.27%Pharmaceuticals 23.25%Industrial Products 11.85%Non - Ferrous Metals 9.91%Industrial Capital Goods 6.17%Petroleum Products 4.41%Auto Ancillaries 4.32%Pesticides 3.13%Finance 2.47%Textile Products 1.37%Construction Project 1.06%Miscellaneous 0.00%Cash & Current Assets 1.77%Net receivables / payables 0.02%Total Net Assets 100.00%

Birla Sun Life Banking And Financial Services Fund


Banks 54.81%Finance 44.45%Cash & Current Assets 1.79%Net receivables / payables -1.05%Total Net Assets 100.00%

Birla Sun Life Dividend Yield Plus


Banks 13.93%Petroleum Products 10.74%Industrial Products 7.77%Pharmaceuticals 7.73%Non - Ferrous Metals 7.30%Software 7.12%Finance 6.05%Cement 5.20%Consumer Non Durables 5.05%Media & Entertainment 4.71%Textile Products 4.12%Gas 2.49%Pesticides 2.39%Industrial Capital Goods 2.25%Power 1.89%Chemicals 1.87%Transportation 1.55%Auto 1.04%Telecom - Services 0.92%International Equity 0.84%Oil 0.83%Consumer Durables 0.82%Hotels, Resorts And Other Recreational Activities 0.73%

Exchange Traded Fund 0.47%Minerals/Mining 0.47%Healthcare Services 0.42%Auto Ancillaries 0.41%Futures and Options -0.69%Cash & Current Assets 0.70%Net receivables / payables 0.89%Total Net Assets 100.00%



Banks 21.46%Software 11.14%Consumer Non Durables 8.29%Petroleum Products 7.59%Auto 7.35%Finance 6.76%Pharmaceuticals 5.55%Non - Ferrous Metals 4.07%Pesticides 3.69%Construction 2.40%Industrial Products 2.26%Chemicals 2.20%Consumer Durables 2.14%Textile Products 1.90%Telecom - Equipment & Accessories 1.89%

Media & Entertainment 1.81%Cement 1.67%Gas 1.16%Auto Ancillaries 1.09%Healthcare Services 1.08%Construction Project 1.01%Industrial Capital Goods 0.57%Cash & Current Assets 2.03%Net receivables / payables 0.87%Total Net Assets 100.00%

Birla Sun Life India GenNext Fund

Allocation as a % of Net Assets %Consumer Non Durables 20.53%Banks 15.94%Finance 14.01%Auto 10.15%Pharmaceuticals 6.13%Consumer Durables 6.02%Cement 5.09%Petroleum Products 3.67%Media & Entertainment 3.34%Healthcare Services 2.67%Construction Project 1.45%Services 1.02%Auto Ancillaries 0.91%Construction 0.84%Transportation 0.74%Textile Products 0.41%Miscellaneous 0.00%Cash & Current Assets 7.90%Net receivables / payables -0.83%Total Net Assets 100.00%


Allocation as a % of Net Assets %Sweden 0.65%Services 0.63%Netherlands 0.62%Switzerland 0.59%Norway 0.58%Hong Kong 0.56%Korea, Republic Of 0.54%Industrial Capital Goods 0.02%Cash & Current Assets 8.89%Net receivables / payables 0.07%Total Net Assets 100.00%

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Country/Industry AllocationBirla Sun Life Commodity

Equities Fund - Global Agri Plan (GAP)

Allocation as a % of Net Assets %United States 59.47%Switzerland 16.14%Japan 5.73%Norway 4.66%Mauritius 4.25%Canada 4.15%Chile 1.52%Russian Federation 1.49%Cash & Current Assets 4.54%Net receivables / payables -1.95%Total Net Assets 100.00%


Allocation as a % of Net Assets %Mutual Fund Units 87.66%Cash & Current Assets 13.13%Net receivables / payables -0.79%Total Net Assets 100.00%


Allocation as a % of Net Assets %Mutual Fund Units 98.34%Cash & Current Assets 0.47%Net receivables / payables 1.19%Total Net Assets 100.00%

Birla Sun Life Gold ETF

Allocation as a % of Net Assets %GOLD 99.57%Cash & Current Assets 0.39%Net receivables / payables 0.04%Total Net Assets 100.00%

Birla Sun Life Gold Fund

Allocation as a % of Net Assets %Exchange Traded Fund 99.11%Cash & Current Assets 1.40%Net receivables / payables -0.51%Total Net Assets 100.00%

Birla Sun Life Asset Allocator Multi Manager Fof Scheme


Mutual Fund Units 91.59%Cash & Current Assets 4.68%Net receivables / payables 3.73%Total Net Assets 100.00%

Birla Sun Life Financial Planning FOF-Aggressive Plan

Allocation as a % of Net Assets %Mutual Fund Units 93.47%Exchange Traded Fund 4.23%Cash & Current Assets 0.67%Net receivables / payables 1.63%Total Net Assets 100.00%

Birla Sun Life Tax Plan


Auto Ancillaries 14.29%Banks 13.71%Pharmaceuticals 10.39%Finance 8.01%Consumer Non Durables 7.30%Cement 5.60%Industrial Capital Goods 5.09%Pesticides 4.93%Software 4.28%Consumer Durables 3.89%Auto 3.84%Media & Entertainment 3.09%Services 2.98%Petroleum Products 2.81%Transportation 2.41%Retailing 2.27%Construction Project 1.61%Industrial Products 1.30%Non - Ferrous Metals 0.47%Miscellaneous 0.00%Cash & Current Assets 2.15%Net receivables / payables -0.42%Total Net Assets 100.00%

TAX SAVINGS SOLUTIONS

Birla Sun Life Tax Savings Fund


Banks 15.44%Auto Ancillaries 14.67%Pharmaceuticals 9.45%Finance 8.26%Consumer Non Durables 6.43%Cement 6.23%Industrial Capital Goods 5.28%Software 4.81%Pesticides 4.54%Auto 3.75%Consumer Durables 3.55%Media & Entertainment 3.47%Petroleum Products 2.83%Transportation 2.53%Services 2.49%Retailing 2.33%Construction Project 1.82%Industrial Products 1.47%Non - Ferrous Metals 0.53%Cash & Current Assets 0.81%Net receivables / payables -0.69%Total Net Assets 100.00%

Birla Sun Life Tax Relief ‘96


Banks 14.22%Auto Ancillaries 13.98%Pharmaceuticals 10.53%Finance 8.14%Consumer Non Durables 7.37%Cement 5.71%Industrial Capital Goods 5.09%Pesticides 4.93%Software 4.40%Auto 3.89%Consumer Durables 3.88%Media & Entertainment 3.19%Services 2.98%Petroleum Products 2.80%Transportation 2.41%Retailing 2.26%Construction Project 1.68%Industrial Products 1.35%Non - Ferrous Metals 0.48%Miscellaneous 0.00%Cash & Current Assets 0.97%Net receivables / payables -0.28%Total Net Assets 100.00%

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Fund Manager : An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.Application Amount for Fresh Subscription : This is the minimum investment amount for a new investor in a mutual fund scheme.Minimum Additional Amount : This is the minimum investment amount for an existing investor in a mutual fund scheme.Yield to Maturity : The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond’s current market price, par value, coupon interest rate and time to maturity.SIP : SIP or systematic investment plan works on the principle of making periodic investments of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor may opt for an SIP that invests ` 500 every 15th of the month in an equity fund for a period of three years.NAV : The NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The NAV is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund.Benchmark : A group of securities, usually a market index, whose performance is used as a standard or benchmark to measure investment performance of mutual funds, among other investments. Some typical benchmarks include the Nifty, Sensex, BSE200, BSE500, 10-Year Gsec.Entry Load : A mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor/agent. Entry load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment. For instance, if the NAV is ` 100 and the entry load is 1%, the investor will enter the fund at ` 101.Note: SEBI, vide circular dated June 30, 2009 has abolished entry load and mandated that the upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor.Exit Load : Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is reduced from the prevailing NAV at the time of redemption. The investor will receive redemption proceed at net value of NAV less Exit load. For instance if the NAV is ` 100 and the exit load is 1%, the investor will receive ` 99.Modified Duration : Modified duration is the price sensitivity and the percentage change in price for a unit change in yieldStandard Deviation : Standard deviation is a statistical measure of the range of an investment’s performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility.Sharpe Ratio : The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk.Beta : Beta is a measure of an investment’s volatility vis-à-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security’s price will be more volatile than the market.AUM : AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.Holdings : The holdings or the portfolio is a mutual fund’s latest or updated reported statement of investments/securities. These are usually displayed in terms of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the fund manager.Nature of Scheme : The investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories.Rating Profile : Mutual funds invest in securities after evaluating their creditworthiness as disclosed by the ratings. A depiction of the mutual fund in various investments based on their ratings becomes the rating profile of the fund. Typically, this is a feature of debt funds.

Glossary Page

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Birla Sun Life Asset Management Company Limited (Investment Manager for Birla Sun Life Mutual Fund)One IndiaBull Centre, Tower 1, 17th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone ROad, Mumbai - 400 013. CIN: U65991 MH1994PLC080811.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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